US$300 million in new funding from Manulife Investment Management will enable CleanCapital, a clean energy investment platform mostly focused on distributed solar, to also provide “long-term, flexible capital” to energy storage developers.
Corporate funding into the battery storage sector in the first quarter of this year totalled US$4.7 billion across 17 deals, a huge leap from the equivalent period of last year, according to a new report from Mercom Capital.
Canada-headquartered lithium-ion battery recycling specialist Li-Cycle will build its third facility in Arizona, joining plants the company already operates in Ontario and New York State.
Energy storage can help enable cleaner, reliable, low-carbon energy networks while connecting energy assets to the market opportunities that will make the transition to renewable energy economically feasible. We speak to Wärtsilä’s Jeff Damron about the ways that the value of energy storage can be realised in markets across the world, both today and in the future.
An investment worth €110 million (US$131.5 million) has been agreed by ‘thermal battery’ manufacturer EnergyNest which would make infrastructure equity investor Infracapital its biggest shareholder.
For the US to thrive while achieving its decarbonisation goals, it needs a robust clean energy economy, creating well-paid jobs and a strong trajectory for technical innovation, argues Philip Brennan, CEO of Echogen, an Ohio-based provider of waste-heat recovery systems and electro-thermal energy storage solutions.
A 100MW battery energy storage system just announced in the UK by battery storage developer, owner and operator Zenobe Energy is the first such system to win a long-term contract from the country’s transmission system operator to directly absorb reactive power from the transmission network.
