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Siemens Industry and Aquion Energy have signed a memorandum of understanding (MOU) to integrate its battery and drive technologies to develop microgrid and grid energy storage systems.

AES Corporation has notched 100 MW of installed grid-scale storage with commercial operation of a 40 MW lithium-ion facility in Moraine, Ohio.

The global market for supercapacitors will more than double to $836m in 2018, up from $466m in 2013, according to a report by Lux Research.

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