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battery storage

Fossil-fuel giants invest in battery storage

Thu, 05/31/2018 - 16:13 -- Xuan Zhong
Fossil-fuel giants invest in battery storage

Germany-based battery storage firm Sonnen and Israeli fast-charge developer StoreDot have secured cash boosts from the investment arms of two fossil fuel multinationals in separate deals.

Germany’s Sonnen has raised EUR60 million ($70.5m) in a financing round led by Shell Ventures— the private equity arm of oil and gas giant Shell.

 

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Anesco on track to ‘quadruple’ UK BESS portfolio

Wed, 05/23/2018 - 10:17 -- John Shepherd
Anesco on track to ‘quadruple’ UK BESS portfolio

Energy storage developer Anesco said it is on track to “quadruple its operational battery portfolio” in the UK by 2020.

Anesco said UK demand for battery storage is expected to see the firm add 380 megawatts of new capacity over the next three years.

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California solar policy boost for battery storage

Fri, 05/18/2018 - 10:52 -- Xuan Zhong
California solar policy boost for battery storage

Virtually all homes built in California from 2020 will be required to incorporate solar panels— a policy move being seen as encouragement to ramp up battery storage in the state.

The California Energy Commission, which approved the policy on 9 May as part of the state’s Building Energy Efficiency Standards, said in terms of homes the move would “encourage demand-responsive technologies including battery storage”. 

 

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Investors banking billions in batteries, says report

Tue, 05/01/2018 - 11:09 -- Xuan Zhong
Investors banking billions in batteries, says report

Battery companies sucked in a multi-billion-dollar boost from investors eager to grab a slice of the storage market in 2017, according to a new report.

The Mercom Capital Group said $1.03 billion was raised by battery storage, smart grid, and efficiency firms in the first half of 2017— compared to $807 million in the first half of 2016.

 

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Doubt over loan deal for South Australia mega-battery project

Mon, 04/09/2018 - 11:19 -- John Shepherd
Doubt over loan deal for South Australia mega-battery project

Plans for a 120MW battery storage project in South Australia could be in doubt— with a pre-election loan for the scheme awarded by the outgoing state government possibly under review by the new administration.

Former state premier Jay Weatherill approved the AUD10 million loan for the project by Australia’s ZEN Energy— part of the GFG Alliance business empire of British billionaire Sanjeev Gupta (pictured)— hours before Weatherill’s Labor Party lost power on 17 March to the opposition Liberals.

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South Australia in new Tesla deal for home batteries

Mon, 02/12/2018 - 10:54 -- John Shepherd
South Australia in new Tesla deal for home batteries

South Australia has done a fresh batteries deal with Tesla— this time to provide the US firm’s Powerwall 2 units free to up to 50,000 homes to create the “world’s largest virtual power plant”.

The state government will provide one of the 13.5kWh lithium-ion batteries to each home as part of the solar-energy storage project.

 

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Nevada links batteries to power plan bid

Fri, 01/19/2018 - 09:45 -- Xuan Zhong
Nevada links batteries to power plan bid

Nevada utility NV Energy has issued a called for proposals that could see up to 330MW of new renewable energy facilities built in the state together with associated battery storage.

NV Energy said the move would provide enough carbon-free electricity to power around 200,000 Nevada homes.

 

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50MW Li-Ion storage boost for UK

Fri, 01/19/2018 - 09:33 -- Xuan Zhong
50MW Li-Ion storage boost for UK

Two grid-scale projects totalling 50MW of new energy storage capacity have been connected to the grid in the UK.

The US-European partners behind the lithium-ion projects said the commissioning represented the “largest portfolio of utility-scale battery energy storage systems connected to the UK grid”.

 

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Regulators reject Trump subsidies bid for coal over energy storage

Mon, 01/15/2018 - 11:43 -- Xuan Zhong
Regulators reject Trump subsidies bid for coal over energy storage

Electricity regulators in the US have rejected proposals by the Trump administration to “subsidise” struggling coal-fired and nuclear plants over support for developing battery storage technologies.

The US energy department had proposed a rule that would increase aid for coal and nuclear to ensure “grid resiliency”— in line with President Donald Trump’s pre-election pledge to ‘reopen mines and bring back coal’.

 

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South Australia gets more battery storage with wind farm deal

Fri, 11/24/2017 - 09:52 -- News Editor
South Australia gets more battery storage with wind farm deal

Singapore-based power company Nexif Energy has reached financial close for the first stage of construction of a wind farm with utility scale battery storage in South Australia.

Nexif said the 126MW first stage of the Lincoln Gap Wind Farm, near Port Augusta, includes building and operating 36 wind turbines.

 

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