London Stock Exchange-listed transatlantic flow battery manufacturer Invinity Energy Systems has conditionally raised £25 million (US$33.46 million) gross proceeds through a share placing.
Long-duration energy storage has a crucial role to play in decarbonising the global energy system sufficiently to avoid catastrophic climate change as long as its value can be unlocked.
A new document outlines how Canada can reach its national goal of achieving net zero emissions by 2050, but only if the regulatory and policy landscape is radically altered to enable the massive buildout of wind, solar and energy storage.
Energy storage can change electricity’s status as the ultimate ‘just-in-time’ product, where supply and use have to be matched in real-time, but this won’t be possible without increasingly sophisticated software solutions.
Utility-scale renewables developer Intersect Power has secured US$2.6 billion in financing for the construction and operations of a portfolio of solar and energy storage projects in California and Texas.
Enel X, one of the winners of contracts tendered by Italy’s transmission operator to provide fast response frequency reserve to the grid, has contracted Fluence to supply two battery energy storage system (BESS) solutions.
SunPower has launched its ConnectedSolutions virtual power plant (VPP), enabling customers in Massachusetts, Rhode Island and Connecticut to earn “hundreds of dollars a year” for allowing utility access to their stored energy during peak demand.
