The asset management group of investment banking firm Goldman Sachs is making a US$250 million investment into advanced compressed air energy storage (A-CAES) company Hydrostor.

News in brief from around the world in energy storage.

Energy-Storage.news proudly presents this sponsored webinar with Saft, discussing the growing role of digitalisation in the operation of energy storage system (ESS) assets.

Global investment manager Quinbrook Infrastructure Partners has acquired UK-based optimisation and trading platform Habitat Energy Limited.

Broad Reach Power has been valued at over US$600 million as a 50% stake in the US energy storage company changes hands.

Fluence could raise more than US$700 million from the planned initial public offering (IPO) of its Class A common stock which would be listed on the Nasdaq Global Market. 

UK-headquartered asset manager Gresham House has partnered Irish developer Strategic Power Projects to develop a solar and storage pipeline with a combined capacity of over 1GW.

US renewable energy company Arevon has signed a master supply agreement for 2GW / 6GWh of Tesla’s Megapack battery energy storage systems (BESS).

Canadian Solar’s project development subsidiary Recurrent Energy has sold a majority stake in its 350MW / 1,400MWh Crimson energy storage project currently awaiting the start of construction in California. 

Investors in large-scale battery projects are recognising the power of software, argues Steve Hanawalt of Power Factors.