Canadian energy storage technology manufacturer Eguana Technologies has reported greatly increased revenues in its latest quarterly financial results, with the company making recent deals in territories including Japan and Germany.
The first grid-scale battery energy storage project in the Canadian province of Alberta is on-track to go into operation this month, while TransAlta, the company behind the project, has expedited plans to retire a coal plant citing “future market conditions”.
Between CA$1.5 billion (US$1.12 billion) and $4 billion in electricity system cost savings could be achieved by Ontario’s Independent Electricity System Operator (IESO) by installing 1,000MW of energy storage by 2030, according to a new study commissioned by Energy Storage Canada.
Reducing peak demand for commercial and industrial (C&I) electric utility customers in Ontario remains a big opportunity for using battery energy storage to reduce costs and decarbonise, three partner companies working on a 2MWh project have said.
Residential energy storage provider Sunverge has won out in a competitive bidding process to provide systems and software for a proposed virtual power plant (VPP) project in Maryland in the US.
A new lithium battery recycling facility, established by operator Li-Cycle on a commercial basis at the well-known Eastman Business Park in New York State, answers both a growing need and an opportunity in an “unprecedented phase” of deployment, the company has said.
Former Governor of New York George Pataki has welcomed the possible siting and construction of a vanadium redox flow battery (VRB) factory in the state.
