BlackRock has amassed over US$1 billion in its efforts to raise capital for its latest fund for global renewables, the third of a series it launched in 2011.
Utility ScottishPower has unveiled a new hybrid power strategy for the UK and Ireland, combining solar and battery storage with wind on both existing and new sites.
Fotowatio Renewable Ventures, a developer of renewables with 1.9GW of projects to its name, has announced its first grid-scale battery project as it embarks on a global energy storage push.
Iberdrola has switched on a multi-megawatt battery energy storage system (BESS) in rural Spain that will enable up to five hours of backup power to local networks in the event of an outage.
The French overseas territory of New Caledonia has hailed the switch-on of a 16MWp solar farm, with battery energy storage to be later attached, and another standalone 5MWh battery project as significant steps towards ‘100% renewable energy’ targets.
A consortium featuring Mitsubishi and Japanese utility Chubu is set to buy out European energy major Eneco as Mitsubishi targets further European growth.
Battery storage submissions for forthcoming Capacity Market auctions in the UK have dwindled, with demand side response emerging as the clean technology of choice.
Developer NRStor and technology provider Hydrostor have completed work on a multi-megawatt, commercial, advanced compressed air energy storage (A-CAES) system in Canada.
Even the US states leading in energy storage market development still have work to do when it comes to adopting the best and lowest-cost grid interconnection procedures, an expert in regulatory affairs at the Interstate Renewable Energy Council (IREC), has said.
