Germany-headquartered battery manufacturer Varta will receive €300 million (US$338 million) of government funding to develop large format lithium-ion cells, which has been deemed a project of potentially strategic interest for Europe.
Mitsubishi Corporation said today that it is partnering with major Japanese telecoms provider NTT to “study cooperation” in renewables, energy management using electric vehicles and battery energy storage, while according to reports, NTT is investing around US$1 billion a year in renewable energy up to 2030.
Dr Prof John Goodenough, one of the three inventors of the modern lithium-ion battery has congratulated Contemporary Amperex Technology Co Ltd (CATL) as it breaks ground on a new laboratory in China to expand its research and development (R&D) into novel energy technologies.
EDF is set to optimise 49.9MW of battery storage owned by UK developer Pivot Power in a bid to enable “greater flexible electricity capacity for the grid”.
An ITC for standalone energy storage systems could finally become reality with its inclusion in a US$1.5 trillion infrastructure investment Bill, tabled by House Democrats.
The US national Energy Storage Association’s policy director, Jason Burwen, spoke with Andy Colthorpe about the seven early adopter states of energy storage targets and whether this is likely to be a spreading pattern across the country.
Industry commentators have expressed shock and surprise that NEC Corporation’s Energy Solutions business has been wound down, while an analyst said the reasons for the energy storage system integrator’s demise are likely to go back further than the COVID-19 pandemic.
Itochu, a major Japanese corporation which has sold over 330MWh of residential battery storage systems in its home market, has invested ¥1 billion (US$9.35 million) in TRENDE, a renewable energy retailer which counts utility company Tokyo Electric Power among its major shareholders, with a view to launching a range of renewable energy and storage-enabled services.
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”.
