Construction has begun on a solar-plus-storage project on the Caribbean island of St. Kitts & Nevis, backed by Leclanché, Solrid and MPC Energy Solutions.
The Inter-American Development Bank and Norwegian Agency for Development Cooperation are investing up to US$83.3 million in eight solar PV projects in Guyana with 34MWh of co-located energy storage.
Crossboundary Energy Access, an investment platform which is project financing solar-powered mini-grid projects in rural Africa, has secured US$50 million funding.
Europe will need a total of 187GW of energy storage by 2030 and 600GW by 2050 to meet its renewable energy targets, according to the European Association of Energy Storage (EASE).
Mining giant Rio Tinto has invested US$10 million in battery materials company Nano One, a few weeks after Nano One acquired the lithium iron phosphate cathode business of Johnson Matthey.
Power and automation technology company ABB will lead a turnkey project for a shore-to-ship power solution in Toulon, south France, using a 2.35MW/4.7MWh lithium-ion battery.
