Energy storage start-up Stem says it sees “strong opportunity” for expansion of its business in Australia, Japan and the EU, in the week when the company closed a US$12 million funding round led by Japanese trading company Mitsui & Co.
An ‘electricity trading’ scheme to be launched by Reposit Power in Australia for residential energy storage system owners has been described by an analyst as “one of the most interesting examples” of software as a differentiator in the energy storage marketplace.
Bosch, BMW and Swedish state-owned power company Vattenfall have begun the latest attempt to harness the potential of batteries used in electric vehicles (EVs) to provide stability to electrical grid infrastructure.
A new scheme to provide grid-balancing services directly from the batteries of electric vehicles (EVs) will be trialled by car maker BMW, in partnership with California utility company Pacific Gas & Electric (PG&E).
