KORE Power, a company developing a lithium-ion gigafactory project in the US, has closed the initial $75 million tranche of a US$150 million fundraising round.
Siemens has signed a letter of intent for the construction of a turnkey 100MW / 200MWh large-scale battery energy storage system (BESS) in Wunsiedel, northern Bavaria, Germany.
Siemens has partnered with the company behind what is to be the UK’s first lithium-ion battery gigafactory, providing it with its Digital Enterprise Technology, which can simulate gigaplant production processes and flows ahead of construction.
A salmon farm in Norway will become more environmentally friendly with the addition of a Tesvolt-supplied battery energy storage system, reducing the run time of diesel generators onsite by up to 18 hours a day, saving on costs and working time spent on maintenance.
Sales of battery storage units to residential households in Germany are booming, but it’s the value of services the batteries can provide, rather than the hardware itself that offers a long-term economic opportunity, a Siemens representative has said.
Engineering company Siemens has launched the device – configurable in 3.3kWh ‘blocks’ up to 19.8kWh – in Germany, with an Austria launch to follow in April.
Described as a project of ‘strategic importance’ for India’s entire energy sector, the country’s first grid-scale lithium-ion battery energy storage system officially went into service this week.
A natural gas power plant that floats on water will be built in the Dominican Republic and equipped with a battery energy storage system supplied by Fluence.
