Uplight, a US energy software company that helps electric utilities reduce their baseload energy use by monitoring and adapting how their networks operate based on consumer behaviour, has reached a valuation of US$1.5 billion following investment from groups including Schneider Electric.
The latest edition of PV Tech Power – PV Tech Power 26 – is now available to download, including Storage & Smart Power, the section brought to you by Energy-Storage.news.
Launches of a new “allstar” commercial energy storage system and a large-scale storage solution designed to be moved from one site to another with ease demonstrate the changing needs of customers for versatile and flexible energy storage options.
Global renewable energy project developer Fotowatio Renewable Ventures (FRV) said construction work has begun on its second battery storage project in the UK — and the world — with local partner Harmony Energy.
Australia’s Clean Energy Finance Corporation (CEFC) has invested AU$160 million (US$127.6 million) in a 300MW battery storage project near Geelong, Victoria.
Update 2 March 2021: A Trina Storage representative contacted Energy-Storage.news to highlight that while the company is building out production capacity for lithium iron phosphate (LFP) battery cells for stationary energy storage, the major focus of the newly-launched division is on providing full integrated battery energy storage system (BESS) solutions to the renewables and grid storage markets.
Pylontech has said it will have 4GWh of battery energy storage system manufacturing facilities in operation within three years, after it raised around US$300 million from listing on the Shanghai Stock Exchange.
Battery storage systems can deliver multiple services and provide customers and sites with backup power, but their value in doing so remains largely dependent on “highly sophisticated” software.
