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energy storage system

EES firm NEC Energy Solutions to wind down operations as it sets to close

Thu, 06/25/2020 - 12:58 -- Paul Crompton

Lithium-ion energy storage system provider NEC Energy Solutions— the US subsidiary of Japan’s NEC Corp— is set to wind down operations.

The Massachusetts-based company is set to ‘orderly wind down’ by not seeking new business, but will finish projects under development, according to reports by media company Bloomberg. 

NEC had not replied to BEST's questions at the time of publication.

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Fluence hires new CEO as it looks to accelerate energy storage adoption

Wed, 04/29/2020 - 16:04 -- Paul Crompton

Lithium-ion energy storage system firm Fluence, a joint venture of Siemens and AES, has chosen Manuel Perez Dubuc to be the company’s new chief executive officer.

Dubuc will succeed Stephen Coughlin on 1 May in a change the company said was a “strategic move intended to further accelerate energy storage adoption around the world”. 

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The US energy storage industry expects COVID-19 to cause a deep revenue downturn

Fri, 04/17/2020 - 12:47 -- Paul Crompton

A quarter of US energy storage system firms will reduce employee numbers and a third expect a fall in revenue during Q2 of this year because of the COVID-19 pandemic, a new study by the U.S. Energy Storage Association (ESA) has revealed.

The revelations were revealed in a survey answered by 101 members of the trade association for the American energy storage trade. 

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European ESS markets witness a 30% slow down as it pays price for bumper 2018

Fri, 04/17/2020 - 11:50 -- Paul Crompton

Despite deploying 1GWh of energy storage system last year the European market showed a marked slow down compared to 2018.

The European market fell by around 470MWh year-on-year according to the fourth edition of the European Market Monitor on Energy Storage (EMMES) published by the European Association for Storage of Energy (EASE) and new energy consulting company Delta-EE.

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CEO of cryogenic storage firm takes seat on the US energy storage system trade association’s board

Thu, 04/16/2020 - 11:42 -- Paul Crompton

The CEO of liquid air energy storage system developer Highview Power has been elected to the Board of Directors of the U.S. Energy Storage Association (ESA), the national trade association for the U.S. energy storage industry.

Dr. Javier Cavada will join other leaders from across the storage value chain to promote the widespread use of energy storage in the US. 

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Alfen selected by Vattenfall to supply a 20MWh energy storage system in Sweden

Tue, 04/07/2020 - 16:01 -- Paul Crompton

Energy storage system developer Alfen has been selected by Swedish power company Vattenfall to deploy a 5MW/20MWh system in its home country.

The system in Uppsala will be the third large-scale energy storage system that the Netherland’s-based developer has delivered to the government-owned multinational. 

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Firms sign MoU to develop vanadium redox flow batteries to MW and GW scale

Fri, 03/27/2020 - 11:41 -- Paul Crompton

Energy storage system maker VanadiumCorp has signed a deal with green energy project firm Ecosource to jointly manufacture vanadium redox flow batteries (VRFB).

German-based VanadiumCorp, a wholly owned subsidiary of VanadiumCorp Resources, and the Cordeel owned Ecosource signed a memorandum of understanding (MoU) pledging to investigate the viability of manufacturing VRFBs. 

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Lithium-ion to take lion’s share of growing energy storage market

Fri, 03/20/2020 - 12:28 -- Paul Crompton

Lithium-ion is set to account for 85% of future energy storage system projects as developers take advantage of regulatory policy, deployment mandates and falling technology costs.

The findings were reported by industry analysts Navigant Research based on its a database of global energy storage projects that incorporated regional analysis of technology choice, capacity, and market share for deployed projects and projects in the pipeline.

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Itochu increases interest in Eguana as it eyes global ESS markets

Tue, 03/17/2020 - 16:29 -- Paul Crompton

Japanese firm Itochu Corporation has strengthened its grip on the energy storage industry with an investment in lithium-ion energy storage system maker Eguana Technologies.

The deal paths the way for Itochu to expand sales of ESSs in the US, Australia and Europe— key markets for the Canadian firm Eguana.

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Lithium-ion ESS facility to power lead battery recycling centre

Thu, 03/12/2020 - 15:38 -- Paul Crompton

A two-year research project is using a 1MW lithium-ion energy storage system to reduce costs at a lead-acid battery recycling plant in Sweden.

The storage system using 24 BMW-batteries of the same type in the vehicle OEM’s BMWi3 will be commissioned in the summer at Boliden's Bergsöe lead smelting plant in Landskrona, South of Sweden.

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