Energy Vault has become the latest startup with a novel, non-lithium battery energy storage technology to attract significant investment, raising US$100 million through a Series C funding round.
Form Energy has closed its Series D financing round, with investors including steel company ArcelorMittal putting US$240 million into the Boston-headquartered iron-air battery startup.
Seasoned renewable energy lawyer Adam Walters from Stoel Rives argues that procurement in the battery storage space is currently like a sort of Wild West.
Battery storage startup Field has secured a pipeline of 160MW of battery storage sites in the UK, and begun construction of its first 20MW site in Oldham, England.
Financing has been secured for two projects that will add nearly a gigawatt-hour of battery storage at California solar power facilities this year, by renewable energy company Terra-Gen and private asset management firm Capital Dynamics.
Specialist international investment manager Amber Infrastructure Group has reached commercial close on the development of a 50MW/100MWh utility-scale battery energy storage project in Lancashire, a county in northern England.
Battery storage is flexible, remarkable — and investable — but you need to know what you’re doing and know where the market opportunities and limits lie. Renewable and clean energy financier Laurent Segalen from Megawatt-X explains some of the things he’s seen as batteries have become an infrastructure asset in their own right.
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.
Residential energy storage system provider Eguana will begin deploying devices to operate as a connected virtual power plant on the Hawaiian island of Oahu.
Energy storage can make a “positive contribution everywhere” in Southeast Asia, but the industry needs to be proactive in helping market regulators to understand the best ways to facilitate its role in their energy systems.
