What does it take to successfully create a multi-gigawatt battery storage factory? Energy-Storage.news’ editor Andy Colthorpe moderates a discussion with some key players in Europe’s race to create a home-grown value chain.
Gore Street Energy Storage Fund, one of two stock exchange listed energy storage funds in the UK, has acquired an 81MW operating battery storage portfolio from Anesco.
Venture capital (VC) funding in battery storage companies in the third quarter of 2020 was up 78% on the previous quarter, while total corporate funding in the sector for the first nine months of the year rose by 62% compared to the same period in 2019.
The Solar Energy Corporation of India (SECI) has invited bids for a 100MWac/200MWp solar project with a 50MW/150MWh battery energy storage system in the state of Chhattisgarh.
Funding into battery storage companies fell dramatically in the first half of 2020 compared to last year’s equivalent period, according to the latest reporting from Mercom Capital.
After securing a US$225 million financing facility, US solar developer 8minute Solar Energy has said the “vast majority” of projects in the company’s pipeline “are solar-plus-storage”.
From a full week of webinars and panel discussions, there was a huge amount of ground covered. Here are some more of our takeaways and links to some of the news and views we’ve already posted.
The government of India has announced measures to promote new “Champion Sectors” of economic growth, including support incentives for advanced battery cell and solar PV manufacturing.
California, the world’s fifth largest economy and a global innovation engine, is confronting ambitious clean energy and GHG reduction goals. California must achieve 60% renewable energy and 5 million electric vehicles on the road by 2030, and a fully decarbonised power sector by 2045.
The success of efforts to decarbonise economies in the UK and elsewhere could hinge largely on how governments and business communities – particularly large commercial lenders – engage with the sector in 2020, a UK-based financier of solar and storage has said.
