General Electric (GE) is developing Mexico’s first ever grid-scale energy storage projects to aid with the integration of wind and solar into electricity networks.
Australia’s biggest utility AGL, which has committed to phasing out coal by 2050, has said it is likely to replace the capacity provided by one ageing power station with batteries, peaking plants, demand response and pumped hydro.
The government of Jay Weatherill, premier of South Australia, has just formally launched three Calls for Proposals under the Renewable Technology Fund, a programme to foster private investment and accelerate project development in clean energy technologies.
A City of London investment bank has said it agrees that Swiss energy storage maker and integrator Leclanché will reach profitability, but expects it to take a year longer than the company itself has predicted.
What is claimed to be the UK’s largest stand-alone battery storage facility has been successfully commissioned by Hazel Capital as the investor continues to build its energy storage project portfolio.
UK storage developer Green Hedge has secured £30 million of investment from infrastructure investor Zouk Capital to help it chase further battery developments.
Welcome to Part 2 of our in-depth talk with Nancy Pfund, managing partner at DBL Partners, a venture capital firm specialising in companies and start-ups that offer both rewarding financial returns and positive social impacts. As well as being one of the earliest backers to Tesla and SolarCity, to utility-scale solar tracker company NEXTracker to Off-Grid Electric, which deploys solar in rural Africa; to others in energy storage like Advanced Microgrid Solutions and Primus Power, Pfund is extremely well-placed to offer a quick Q&A ‘masterclass’ in energy storage investing.
Nancy Pfund is managing partner at DBL Partners, a venture capital firm which specialises in investing in companies and start-ups that offer both rewarding financial returns, and positive social impacts. There have been some serious clean tech companies in DBL’s portfolio, including a pre-IPO investment in Tesla. With this in mind, we spoke to Nancy about how to invest in energy storage wisely and heard her views on the waves of the future. Part 2 to be published tomorrow.
An analyst at Navigant Research has said he was surprised to see Tesla dominate California’s SGIP (Self-Generation Incentive Program) applications, with the Silicon Valley car and tech company accounting for half of all requested funds.
Major solar investor Foresight Group has more UK battery storage projects firmly its crosshairs and could branch out into both C&I and co-located projects in the near future.
