An agreement to buy 75% of Korean battery manufacturer Kokam gives SolarEdge a level of vertical integration that could make the PV company a ‘one-stop-shop’ for customers, while SolarEdge could diversify into areas outside solar energy.
India’s prime minister Narendra Modi made an official commitment towards the launch of the country’s first National Energy Storage Mission yesterday at a ministerial event also attended by the UN Secretary General, Antonio Guterres.
The Asian Development Bank (ADB) has approved a US$40 million loan to support a 41MW hybrid distributed renewable energy system combining wind, solar, battery storage and a thermal heat pump in Mongolia.
With a view to creating a mass market design for vanadium flow batteries, Australia’s Protean Energy will deploy a 4MWh battery energy storage project in South Korea that will be researched over eight years of operation.
The first ever wind and solar hybrid project in India, completed in April 2018, is to be retrofitted with energy storage after strong winds this year led to a curtailment of solar production.
Masdar, Abu Dhabi Future Energy Company, has partnered with the Public Utilities Corporation (PUC) of the Seychelles to build a 5MW solar PV plant with 5MW / 3.3MWh of battery storage.
Macquarie Capital Korea, a subsidiary of investment firm Macquarie Group, has signed a memorandum of understanding (MoU) with the county office of Goesan in South Korea to finance a significant solar-plus-storage project, while it has also invested in what is said to be the largest energy storage project base in the country.
There are very different drivers for deploying energy storage in the four provinces of China that announced significant capacities of projects this year, the China Energy Storage Alliance (CNESA) has said.
Energy storage projects were under construction across four provinces of China, amounting to 340.5MW of new capacity during the first half of this year in the country, according to the China Energy Storage Alliance (CNESA).
Solar Energy Corporation of India (SECI) will issue a request for bids (RfB) for a 160MW hybrid solar and wind project combined with battery energy storage in the state of Andhra Pradesh on 20 August.
