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Broad Reach Power Texas BESS project in construction, 2020. Image: Broad Reach Power.

Broad Reach Power gets US$160 million financing for battery storage projects

July 29, 2022
Broad Reach Power is the latest US battery storage industry player to announce US$100 million or more in financing over the past few weeks.
King Mountain wind power plant, which was commissioned in 2000 and repowered four years ago. Image: Cielo Wind Power Corporation.

First 150MW Texas battery project acquisition for developer Spearmint Energy

July 29, 2022
Startup Spearmint Energy has become the latest developer to acquire a large-scale battery storage project in Texas.
voltstorage

VoltStorage raises €24 million to expand product offering beyond vanadium

July 28, 2022
VoltStorage, a developer and maker of energy storage systems using vanadium flow batteries, has raised €24 million (US$24.3 million) in a Series C.
numbat EV charging battery integrated

Energy storage-integrated EV charging comes of age in Germany

July 28, 2022
The German battery storage-integrated EV charging space had a busy July, with startup Numbat raising €10m-plus in capital and Volkswagen and JOLT Energy opening charging parks.
uk energy storage

UK ROUNDUP: Canadian Solar sells portfolio, Cambridge Power, Lynher Energy project news

July 28, 2022
Another edition of our news in brief from the energy storage industry focusing on the bustling UK market.
FCAS services remain the biggest revenue stream for most BESS assets in Australia, like the Hornsdale Power Reserve (pictured). Image: Neoen.

Upgrade at Tesla battery project demonstrates feasibility of ‘once-in-a-century energy transformation’ for Australia

July 28, 2022
Hornsdale Power Reserve battery storage system in South Australia now has upgraded capabilities, enabling it to provide inertia to the grid.
lithium potassium

Austin startup Group1 aims for world-first commercialised potassium-ion battery

July 27, 2022
Startup Group1 is seeking to commercialise cathode materials for potassium-ion batteries, a world-first, while Northvolt is seeking to build batteries using a tree-derived carbon material lignin.
Illustrative rendering of a solar-plus-storage project with LG ES containerised BESS. Image: LG Energy Solution.

LG Energy Solution: Lockdowns, logistics and materials prices cause dip in profitability

July 27, 2022
LG Energy Solution has seen a drop in its profitability which according to the company’s CFO was largely caused by industry headwinds.
Tesla Megapack BESS units caught fire during testing of the 350MW Victorian Big Battery in Australia. The situation was quickly brought under control and only two Megapacks out of more than 200 on site were consumed by flames. Image: Country Fire Association.

National Fire Protection Association affiliate surveys risks and mitigation for battery storage

July 27, 2022
Stakeholders have a few days left to take part in a survey on lithium-ion based battery storage system safety.
Wärtsilä

Georgia Power gets approval for 765MW energy storage in 2022 Integrated Resource Plan

July 26, 2022
Georgia’s Public Service Commission (PSC) has approved state utility Georgia Power’s 2022 Integrated Resource Plan.

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RE+ 2025: Product launches, showcases and news ahead of the biggest clean energy trade show in the US

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