Fluence’s initial public offering (IPO) and NASDAQ Global Select Market listing could be a “landmark” event that opens doors for the energy storage and renewable energy industries, a clean energy finance expert has said. 

A boost for investment in battery energy storage in much of Australia is strongly expected to come from 1 October onwards, when new National Electricity Market (NEM) rules come into effect. 

Stem Inc is developing what it claimed is the first virtual power plant in South America, aggregating behind-the-meter distributed energy facilities in Chile.

Alternative asset management group Apollo Global Management has secured a US$150 million investment into US energy storage technology provider and system integrator FlexGen Power Systems.

Investors in large-scale battery projects are recognising the power of software, argues Steve Hanawalt of Power Factors.

Major Australian energy retailer AGL has contracted Finnish technology company Wärtsilä to supply a battery energy storage system (BESS) for a 250MW / 250MWh project at Torrens Island, South Australia.

The acquisition of a 60.5% stake in ENGIE EPS by Taiwan Cement Corporation (TCC) was finalised and completed earlier this week.

UK-based energy storage investor-developer Pivot Power is to develop 100MW / 200MWh of battery storage split across two sites in the West Midlands region of England in partnership with energy technology provider Wärtsilä.

Electric school buses in the US could be turned into a virtual power plant (VPP) resource, through a new partnership between student transport supplier Zum Services and artificial intelligence-driven distributed energy software company AutoGrid.

Amazon has invested in India-headquartered battery management software and electronics specialist ION Energy through its US$2 billion fund to support companies with promising sustainability technologies.