A €100 million (US$114.44 million) fund will be used to develop and deploy microgrid and energy storage projects by engineering and automation firm ABB, which has recently launched a new line of solutions in those areas.
In today’s third and final instalment of our series to welcome in 2019, we look at what our respondents are expecting to see this year, what they would like to see happen and some of the ways they will be trying to fulfil those expectations.
The Dutch Development Bank (FMO) and investment firm Symbiotics have announced a US$32.5 million facility to finance ZOLA’s operations within Tanzania over the next five years.
Energy asset developer and owner Statera Energy has clinched a refinancing deal for its 50MW Pelham utility-scale battery storage plant in England, in a transaction which it says demonstrates both the maturity and “bankability” of the asset class.
Swiss vertically-integrated battery and energy storage system and equipment maker Leclanché has followed sonnen in netting a significant amount of investment to go into the second half of 2018, securing CHF75 million (US$76 million) from its main existing investor.
Australian firm Carnegie Clean Energy has raised AU$5.3 million (~US$4 million) to grow its solar PV, battery energy storage and wave energy businesses.
Already this year we’ve been able to learn directly about the energy storage market in Europe from the Energy Storage Summit in London at the end of February and Energy Storage Europe in Dusseldorf, which just took place last week. Andy Colthorpe summarises what he’s seen and heard.
Some of the “world’s biggest insurance companies” are investigating the advantages of pairing lithium batteries with ultracapacitors in energy storage systems, which can lower costs and extend battery lifetimes, the CEO of an ultracapacitor maker has said.
German energy giants E.On and RWE have reached an agreement on a major exchange of business activities, promising a significant shake-up of the duo’s energy interests.
