KORE Lithium Technologies Inc (KORE Power), a US headquartered manufacturer of nickel manganese cobalt (NMC) battery racks for the utility-scale stationary energy storage market, has retained renewable energy investor CohnReznick Capital as its Investment Bank of Record.
GE Renewable Energy, an arm of the US engineering giant, will supply 100MWh of battery energy storage systems (BESS) to three projects being developed by Convergent Energy + Power in California.
CATL sold 21.31GWh of lithium batteries in 2018, primarily to the EV market in China, but after exhibiting at two major trade shows in the west, claims its 12,000 cycle lithium iron phosphate batteries are ready to take on the stationary energy storage system (ESS) market, too.
We’ve arrived at Day One of Smart Energy Week – hosting Solar Power International and Energy Storage International in Utah. Here are some of my observations: both on and ‘off’ the record.
Some of the products and companies we can look forward to seeing showcased this week at ees Europe, as Intersolar Europe’s ‘companion’ show in Munich goes from strength to strength.
This year has already seen “significant acceleration” of activity in the global grid-connected energy storage market, with 4.3GW expected to be deployed this year, analysis firm IHS Markit has said.
The race to build Europe’s first lithium-ion energy storage system ‘Gigafactory’ could be won by Tesvolt, as the German manufacturer announced a “multimillion-euro investment” in production lines this week.
A large-scale energy storage project to be built in Texas will take advantage of the system’s flexibility to deliver multiple services, as opportunities grow in the state’s Electricity Reliability Council of Texas (ERCOT) market.
China’s BYD has signed a deal which could see up to 100MWh of its systems deployed in Mexico as part of a distributed energy and large-scale solar buildout by finance group Pireos Capital.
