San Diego, California’s ultracapacitor-based energy storage manufacturer Maxwell Technologies has signed a stock purchase agreement with China’s SFIC Fund Management – a significant investor in China’s storage industry – at US$6.32 per share.

Energy storage solutions and software company Greensmith Energy has installed its software platform at an existing energy storage site of giant US utility American Electric Power (AEP).

Arguing that energy storage is “critical to ensuring a resilient, reliable, cost-effective and sustainable grid”, the Energy Storage Association joined with 52 other organisations to plead the place of storage in the Trump administration’s infrastructure priorities.

According to the latest GTM Research figures, energy storage is coming into its own and is no longer confined to a handful of US states. 21 states now have 20MW of storage projects proposed, in construction or deployed. Further, 10 states have pipelines of more than 100MW.

Utility San Diego Gas and Electric (SDG&E) and Sumitomo Electric (SEI) have launched a 2MW/8MWh pilot vanadium redox flow battery storage project in California to study how the technology can reliably integrate renewable energy and improve flexibility in grid management.

EDF Renewable Energy has created a new business unit, Distributed Electricity and Storage (DES), which will focus on distributed solar and storage projects up to 30MW.

Led by a record-breaking final quarter, energy storage reached 336MWh in 2016, growing 100% in megawatt-hours from 2015’s installed capacity, despite staying roughly flat in megawatts with 221MW deployed last year.

The North American subsidiary of international investor-owned energy supplier E.ON has partnered with Greensmith Energy to deliver two grid-scale energy storage systems known as the Texas Waves projects.

In anticipation for the expected reopening of the Self-Generation Incentive Program (SGIP), SimpliPhi Power and CivicSolar are partnering up to provide energy storage solutions for residential solar installers in California.

Utility San Diego Gas and Electric (SDG&E) and US-based storage provider AES Energy Storage, a subsidiary of AES Corporation, have completed what they claim to be the world’s largest lithium-ion battery energy storage facility in Escondido, California.