The UK’s first listed fund for energy storage is setting out to raise £100 million (~$139 million) for investment in battery projects, with a seed portfolio of an estimated 18MW/20MWh already arranged.
UK demand response aggregator Flexitricity has successfully secured gas and electricity supply licences from regulator Ofgem, giving the demand response aggregator the green light to enter the country’s balancing mechanism.
US utility Florida Light & Power (FPL) has followed up the US’ first DC-coupled grid-scale battery system with the announcement of a solar-plus-storage project pairing 10MW / 40MWh of energy storage with an existing 74.5MW PV plant.
Chinese inverter manufacturer Sungrow has leaned on its joint venture with Samsung SDI to supply both inverters and lithium batteries to a large-scale energy storage project in Japan.
German energy giants E.On and RWE have reached an agreement on a major exchange of business activities, promising a significant shake-up of the duo’s energy interests.
India-based solar manufacturer and EPC player Vikram Solar has signed a collaboration agreement with the French Alternative Energies and Atomic Energy Commission (CEA), while at the founding ceremony of the International Solar Alliance (ISA).
While research published this week demonstrates that the US as a whole is embracing energy storage technology, with regulator FERC’s recent wholesale market ruling likely to have a “significant impact”, the picture varies greatly when looking from state-to-state, an analyst has said.
Utility Enel has been offering the reward of collaboration and testing agreements to “new technologies, architectures and control strategies” that maximise the value and effectiveness of energy storage.
The UK’s Valuation Office Agency (VOA) is calling on the sector to engage with the development of business rates that will be applied to energy storage projects in 2022, including those attached to subsidy-free solar farms.
Consultancy and engineering firm Pöyry has been chosen to operate energy storage systems as part of a ‘cleantech showcase’ project, creating smart energy systems upon a cluster of Finnish islands.
