Australia’s national Clean Energy Finance Corporation (CEFC) has said it will commit AU$50 million (US$34.14 million) to help fund expansion of landmark Hornsdale battery project in South Australia.
As US states work to address and enable the swift growth of distributed energy resources (DERs), including solar and energy storage, the issues surrounding their interconnection to the electric grid require close attention, Sara Baldwin, VP for regulatory affairs at the Interstate Renewable Energy Council (IREC), explains.
RedT has confirmed that Avalon chief executive Larry Zulch will lead the combined entity should its proposed merger complete, with Scott McGregor set to depart at the end of the year.
Tesla will “build batteries, powertrains and vehicles” at its European gigafactory, which company CEO Elon Musk has tweeted will be in the Berlin area of Germany.
Pivot Power is to keep a watching brief on changing planning regulations pertaining to energy storage in the UK, opening up the developer to increasing the capacity of some projects within its portfolio.
Vanadium producer Bushveld Minerals has offered its backing to the merger of UK energy storage provider redT with US vanadium redox flow battery maker Avalon Battery, providing a loan to help the deal get over the line – and to help its own vertical integration ambitions.
By the middle of the 2020s, using hybrid ‘portfolios’ of batteries and renewable energy sources will economically outperform existing gas power plants, while the combination of technologies is already cost-competitive with building new gas plants, a new report from the US-based Rocky Mountain Institute has said.
Softbank Group’s SB Energy subsidiary is among investors that contributed to a successful US$30 million Series C funding round for ESS Inc, a US-headquartered manufacturer of iron flow batteries that use a proprietary saltwater electrolyte.
