After approving investment for the acceleration of energy storage deployment in developing countries to the tune of US$1 billion a few months ago, the World Bank has now approved a US$300 million loan to do the same in China.
Strong deployment figures have been posted for the US’ energy storage market in both residential and non-residential segments in the past quarter, amid warnings that an escalating trade war with China could dampen some of that enthusiasm if tariffs are applied.
One of the UK’s first stock exchange-listed energy storage funds has entered into agreements to acquire a 160MW portfolio of battery storage projects in Northern Ireland and the Irish Republic.
Two bills that have been introduced in the US to support and accelerate the development and deployment of energy storage are enjoying cross-party support and look likely to pass unopposed, an analyst has said.
World Bank Group has set up a “global international partnership” to support the deployment of energy storage in developing countries, just a few months after committing a US$1 billion sum to the sector.
Energy supplier Centrica has unveiled its new electric vehicle offering, targeted at helping businesses across the globe navigate the EV transition, with solar and battery storage expected to play a major role.
With batteries at the heart of its plans, utility ScottishPower wants to make Glasgow the UK’s first ‘net zero energy’ city, in collaboration with Glasgow City Council.
The growth potential of energy storage has drawn interest from some of the biggest names in the power business and beyond. With the trend set to continue, Andy Colthorpe explores how three recent acquisition targets are faring under new ownership. Taken from the pages of PV Tech Power Vol.19, Part 1 of this article was published on the site last week.
