System integrator FlexGen will provide energy storage systems and optimisation software for a 100MW portfolio recently acquired by investment fund manager SUSI Partners from SMT Energy.
The devastating power crisis in Texas last month proved the value of the energy storage market, particularly distributed models, according to a panel of renewables investors this week.
A €100 million (US$114.44 million) fund will be used to develop and deploy microgrid and energy storage projects by engineering and automation firm ABB, which has recently launched a new line of solutions in those areas.
Swiss institutional investment group SUSI Partners has agreed to finance C$120 million (US$94.56 million) of commercial and industrial (C&I) sector energy storage projects by Canadian project developer/owner NRStor.
A Swiss fund aimed at encouraging institutional investors to get on board with energy storage has reached its first closing at €66 million (US$70.4 million).
US-Canadian energy storage project developer Convergent Energy and Power has secured third-party project financing for 12MW of energy storage projects in Canada that will provide grid services.
