London Stock Exchange-listed transatlantic flow battery manufacturer Invinity Energy Systems has conditionally raised £25 million (US$33.46 million) gross proceeds through a share placing.
Long-duration energy storage has a crucial role to play in decarbonising the global energy system sufficiently to avoid catastrophic climate change as long as its value can be unlocked.
Energy storage can change electricity’s status as the ultimate ‘just-in-time’ product, where supply and use have to be matched in real-time, but this won’t be possible without increasingly sophisticated software solutions.
Global clean energy group TagEnergy and the UK’s Harmony Energy have announced two grid-scale battery storage projects in England and Scotland to be developed through the pair’s joint venture (JV).
US$137.4 million worth of customer orders have been booked so far this year by Eos Energy Enterprises and the zinc hybrid cathode battery storage company said that figure could reach US$300 million by the end of 2021.
Q CELLS has acquired a utility-scale battery energy storage system (BESS) project under development in Texas, marking the vertically-integrated solar PV and smart energy solutions company’s first standalone BESS project.
The US House of Representatives has passed a US$1 trillion bipartisan infrastructure deal that will see the country’s power infrastructure modernised to support new renewables projects.
