Energy storage can help enable cleaner, reliable, low-carbon energy networks while connecting energy assets to the market opportunities that will make the transition to renewable energy economically feasible. We speak to Wärtsilä’s Jeff Damron about the ways that the value of energy storage can be realised in markets across the world, both today and in the future.
Software is rapidly becoming recognised as key to the value proposition and bankability of energy storage, which in turn lies at the heart of the energy transition. Andy Colthorpe speaks to three providers of software aimed at the energy storage industry.
Stem Inc has revealed its financial results for 2020 ahead of listing on the New York Stock Exchange, admitting that despite expecting a fourfold increase in revenues this year, the company is unlikely to achieve profitability until at least the end of next year.
Global renewable energy project developer Fotowatio Renewable Ventures (FRV) said construction work has begun on its second battery storage project in the UK — and the world — with local partner Harmony Energy.
Battery storage systems can deliver multiple services and provide customers and sites with backup power, but their value in doing so remains largely dependent on “highly sophisticated” software.
Digital software company Capgemini is partnering with battery energy storage startup Verkor to help bring to life a 16GWh-capacity lithium-ion cell factory in France.
Fluence has struck a deal that could showcase new digital capabilities since it took over energy storage artificial intelligence and software provider Advanced Microgrid Solutions (AMS) last year.
Stem Inc is set to be publicly-listed and expand its global reach through a deal worth as much as US$608 million, agreed with special purpose acquisition company Star Peak Energy Transition Corp.
