Africa-based independent power producer (IPP) Globeleq said financial close has been achieved on a solar PV project in Mozambique which will be integrated with energy storage. 

Equinor has acquired a 45% stake in UK utility-scale energy storage and stability services developer Noriker Power.

Another roundup of news in brief in energy storage, this time focused on the UK industry.

Construction has begun on a 150MW / 150MWh battery storage project at the site of a former fossil fuel plant site in Victoria, Australia.

London Stock Exchange-listed energy storage investor Gresham House Energy Storage Fund has secured a £380 million (US$507 million) funding package from major UK retail bank NatWest.

London Stock Exchange-listed transatlantic flow battery manufacturer Invinity Energy Systems  has conditionally raised £25 million (US$33.46 million) gross proceeds through a share placing. 

Energy storage can change electricity’s status as the ultimate ‘just-in-time’ product, where supply and use have to be matched in real-time, but this won’t be possible without increasingly sophisticated software solutions. 

Utility-scale renewables developer Intersect Power has secured US$2.6 billion in financing for the construction and operations of a portfolio of solar and energy storage projects in California and Texas.

News in brief from around the world in energy storage.

Energy storage technology company Tesvolt has concluded a funding round, raising around €40 million (US$45.25 million) in equity capital.