Vanadium flow battery supplier Invinity Energy Systems has signed a memorandum of understanding with the power and industrial systems arm of Korean conglomerate Hyosung Corporation to commercialise its batteries in South Korea and elsewhere.
Update 23 June 2021: LG Energy Solution has said that it was the supplier of battery storage rack equipment to Vistra Energy’s recently commissioned record-breaking project in Monterey County, California.
We talk about how solar and storage can be competitive with fossil fuels, how Solaredge is maintaining its own competitive advantage as well as some exclusive inside info on the company’s forthcoming residential battery energy storage systems.
SolarEdge is targeting a world where the “majority of solar systems will include storage”, according to CEO Guy Sella, as the company announced record revenues and shipments in the third quarter of 2018.
An agreement to buy 75% of Korean battery manufacturer Kokam gives SolarEdge a level of vertical integration that could make the PV company a ‘one-stop-shop’ for customers, while SolarEdge could diversify into areas outside solar energy.
With a view to creating a mass market design for vanadium flow batteries, Australia’s Protean Energy will deploy a 4MWh battery energy storage project in South Korea that will be researched over eight years of operation.
A modestly-sized grid-scale battery will be installed at a natural gas plant in Queensland, Australia, boosting the efficiency of the existing power station and providing emergency backup, as well as helping integrate local renewable energy.