Vistra Energy has welcomed the enactment of clean energy policies in Illinois which the power generation company said will support 300MW of solar and 150MW of battery storage to be built at nine of its coal plant sites.
Nickel-hydrogen batteries have been used in space for several years, but a California company adapting the technology for storing energy here on earth has raised US$100 million in a Series A funding round.
Canadian Solar’s project development subsidiary Recurrent Energy has sold a majority stake in its 350MW / 1,400MWh Crimson energy storage project currently awaiting the start of construction in California.
South Korean energy company SK E&S has agreed to acquire Key Capture Energy, a developer, owner and operator of grid-scale battery energy storage systems (BESS) in various regions of the US including Texas and New York.
Solar PV module manufacturer and energy solutions company Q CELLS North America has invested in a portfolio of solar-plus-storage projects developed by Amped Solutions via a grid equity investment.
Energy Vault has become the latest startup with a novel, non-lithium battery energy storage technology to attract significant investment, raising US$100 million through a Series C funding round.
Alternative asset management group Apollo Global Management has secured a US$150 million investment into US energy storage technology provider and system integrator FlexGen Power Systems.
Form Energy has closed its Series D financing round, with investors including steel company ArcelorMittal putting US$240 million into the Boston-headquartered iron-air battery startup.
