UK battery storage firm Zenobe Energy has secured a £25 million (US$32.27 million) investment from Japanese power giants Jera and Tokyo Electric Power Company (Tepco).
Firm spies potential for more than 4.5GW of flexible power capacity in the UK alone and a home energy management industry which it expects to be worth more than US£2 billion (US$2.58 billion) a year by 2025.
Described as a project of ‘strategic importance’ for India’s entire energy sector, the country’s first grid-scale lithium-ion battery energy storage system officially went into service this week.
The scrapping of the UK’s Zero Carbon homes policy is costing occupants of new-build homes more than £200 (US$257.14) per year, essentially three times the targeted savings from a price cap set by the regulator, Ofgem.
UK battery storage developer Anesco has combined its behind- and in front of the meter storage divisions as part of a wider internal restructure which has triggered the loss of 18 jobs.
Eni Australia, a subsidiary of Italian oil and gas firm Eni, which has been active in Australia since 2000, has acquired a 33.7MW construction-ready solar-plus-storage project in the Northern Territory of Australia, from Katherine Solar, a joint venture between Australia’s Epuron and UK-based firm Island Green Power.
India’s Ministry of New and Renewable Energy (MNRE) is planning two hybrid projects with a combined total of 14MW solar PV and 42MWh of battery energy storage in Leh and Kargil, in the state of Jammu and Kashmir.
Uncertainty persists around the impact bankruptcy proceedings brought about at investor-owned utility Pacific Gas & Electric (PG&E) could have on renewables contracts and energy storage projects as it faces “extensive litigation” and “significant liabilities” for California wildfires.
LG Chem, IBM and Ford Motor Company have joined an effort to increase the transparency of supply chains for cobalt used in batteries – referred to by some as the ‘Blood Diamond’ of the energy and tech sectors.
