Involvement from billionaire Peter Thiel in Stem’s Series C indicates a shared belief among investors that “distributed, intelligent storage is going to absolutely revolutionise the electric grid over the coming decades”, the company’s marketing director has said.
German storage manufacturer Tesvolt has been awarded a project to power water pumps in Rwanda with 2.68MWh of battery storage linked to a utility-scale solar system.
A programme to modernise New York’s energy system will lead to the state’s biggest ‘virtual power plant’, with PV system owners invited to join a pilot of aggregated solar-plus-storage systems.
A large-scale system combining advanced batteries and ultracapacitor energy storage to provide utility grid services is up and running in North Carolina, according to one of the project’s partners.
Lockheed Martin has told Energy-Storage.News that while the company wants its energy storage systems to support the adoption of renewable energy, its recently launched lithium-ion devices will focus on “commercial applications”.
The Clean Energy and Solar Power Portal Awards sponsored by Trina Solar, an annual celebration of the PV industry from Energy-Storage.News’ UK-based publisher, Solar Media, will include commercial-scale energy storage as a category for the first time this October.
Work has been completed on Australia’s “largest solar and battery storage project to date”, a 10.6MW PV installation at a copper mine linked to 6MW of storage, according to developer Juwi, which along with its project partners shared some images of the site.
A field trial to deploy 50 grid-connected energy storage systems will go ahead in Scotland between UK energy storage firm Moixa Technology, vertically integrated energy company Scottish Power and an energy efficiency advisory group.
GE’s investment in Sonnen shows a shared belief in online trading of energy and other digitally-enabled services as the fastest potential drivers of a profitable energy storage industry, according to a Sonnen director.
GE Ventures, the venture capital arm of US-headquartered multinational engineering group GE, has invested in German energy storage hardware and services provider Sonnen.
