Renewable energy company Arevon has secured a US$400 million loan facility from two banks for its solar and energy storage pipeline in the Midwest, Southeast and California.
High cost and material availability are the main non-technical barriers to energy storage deployment at the scale needed, according to a new report from MIT.
German home energy storage and virtual power plant (VPP) company sonnen and solar contractor ES Solar are expanding a Utah and Idaho VPP program to include up to 35MWh of residential batteries by the end of the year.
Gigafactory company FREYR Battery is making moves in the US market with the establishment of a technology centre in Boston and the appointment of a VP of operations there.
Fluence’s new Utah facility is part of a wider move by the company to regionalise its production closer to customer markets across the globe, a senior director of manufacturing explained to Energy-Storage.news.
Duke Energy would still choose lithium-ion for an upcoming 7.3-hour duration energy storage system in Florida if it redesigned the project today, a spokersperson told Energy-Storage.news.
Duke Energy and Agilitas Energy have completed utility-scale battery energy storage system (BESS) deployments in the US states of Florida and Rhode Island, respectively, totalling 14MW of power.
The Inflation Reduction Act should accelerate current efforts to move battery cell production nearer to the US, the senior director of manufacturing for Fluence told Energy-Storage.news.
Turkish group Kontrolmatik Technologies has increased the output of its planned energy storage-focused gigafactory in the US by 50%, thanks to the Inflation Reduction Act (IRA) which passed today.
