IFC, a member of the World Bank Group, and the government of Canada have formed a financial partnership that will utilise public funding to generate private sector investments to spur renewable energy, including energy storage, in Sub-Saharan Africa.
Stem Inc, self-described as a supplier of “artificial intelligence-powered” energy storage, which deployed a system on average every two days last year, has closed a US$80 million Series D financing round.
Powin Energy has just sold 116MWh of its project assets and pipeline of future developments to esVolta and made a deal which sees Powin become exclusive supplier to the latter’s projects.
Developer Convergent Energy & Power has installed a commercial and industrial (C&I) energy storage system in Ontario for an injection-moulded plastics company, sized with 8.5MWh of batteries.
Swiss institutional investment group SUSI Partners has agreed to finance C$120 million (US$94.56 million) of commercial and industrial (C&I) sector energy storage projects by Canadian project developer/owner NRStor.
An Indian state-owned energy services and energy efficiency company is set to invest in 14MWh of grid-scale storage in Canada through a joint venture (JV) with UK company EnergyPro Limited (EP).
Energy storage services provider Peak Power will supply control platforms to 6MWh of energy storage projects in Ontario and New York, some of which will be funded by Sustainable Development Technology Canada (SDTC).
Canadian utility Alectra Energy Solutions, which has over a million customers in Ontario, will offer large-scale energy storage to commercial and industrial operations in its service area, having formed a partnership with developer AMP.
Leading energy storage provider Powin Energy will be building and installing six energy storage projects at two sites in Ontario, Canada with a total capacity of 12.8MW/52.8MWh.
