Four makers of lithium-ion batteries have been sanctioned by the European Commission for anti-competitive practises, with three incurring fines totalling €166 million (US$176 million) after colluding to “avoid aggressive competition”.
A US state-backed organisation is partnering with the government of Singapore to build and test up to three energy storage systems using a variety of technologies on the island state.
A company offering solar-plus-storage systems for the residential market has introduced a set of controls that allow consumers to adapt to utility rates and legislative changes with the flick of a switch.
The Advanced Lead Acid Battery Consortium (ALABC) has set out a three-year research programme to improve the performance of lead batteries in energy storage and electric vehicles. It has called for investment of up to US$2 million per year from governments and research agencies to fund its studies, which will run through 2018.
US utility Southern California Edison (SCE) has selected energy storage manufacturer and developer Powin Energy, a subsidiary of Powin Corporation, to build a 2MW / 8MWh storage system for grid support and capacity services as a result of an emergency procurement call from the California Public Utilities Commission’s (CPUC).
Bloomberg New Energy Finance (BNEF) senior analyst Logan Goldie-Scot discusses with Energy-Storage.News drivers for the recent uptick in storage across the globe, as well as insights on why America has an ideal regulatory approach to storage technologies, the recent UK tender, and the potential of dynamic markets in Asia Pacific.
Korean battery provider Kokam is to develop a 36MW/13MWh energy storage system for South Korea’s largest utility Korea Electric Power Corporation (KEPCO).
Mercom Capital Group’s latest report showed how energy storage companies brought in US$125 million in venture capital (VC) funding in Q2 2016, double that of the previous quarter. Year-over-year funding this second quarter roughly matched last year’s Q2 output, which had US$126 million in 13 deals.
Lockheed Martin has told Energy-Storage.News that while the company wants its energy storage systems to support the adoption of renewable energy, its recently launched lithium-ion devices will focus on “commercial applications”.
Power firm AES India recently agreed to build the first large-scale battery-based energy storage project in India, working with consumer electronics and energy storage firm Panasonic India. Manish Kumar, managing director, energy storage, AES Corporation spoke to Energy-Storage.News to explain the potential of the Indian market and how the project will progress.
