London-headquartered investment fund GLIL Infrastructure has invested £150 million into Flexion Energy, a “modern utility company and energy storage infrastructure specialist” which is aiming to build 1GW of energy storage in the UK over five years.
When the frequency of Ireland’s electricity grid dropped below normal operating range in May, two large-scale battery storage projects stepped in to help within 180 milliseconds, injecting power to help support and stabilise the network.
Shell Energy is to access operational rights to a 60MW / 120MWh portion of a new battery storage system under development in south-west New South Wales (NSW), Australia.
This expert panel from the Energy Storage Summit 2021 brought together leading figures in the finance community to discuss the different financing and business models they’ve seen, and how they expect the market to evolve for energy storage in the UK.
A rapid and significant increase in battery storage capacity will be among factors contributing to an improved energy security position for California’s electricity networks this summer, but the grid is still vulnerable to stress during any extreme heatwaves.
US power and energy infrastructure developer, investor and operator LS Power has bought up GI Energy, a provider of clean energy solutions for commercial and industrial (C&I) customers with projects spanning the east and west coasts.
Corporate funding into the battery storage sector in the first quarter of this year totalled US$4.7 billion across 17 deals, a huge leap from the equivalent period of last year, according to a new report from Mercom Capital.
An off-grid hybrid energy system at Fekola, a gold mine in Mali, Africa, has gone online incorporating solar PV, battery storage and the site’s existing fossil fuel generators, project partners Baywa R.E and Suntrace have said.
