An investment worth €110 million (US$131.5 million) has been agreed by ‘thermal battery’ manufacturer EnergyNest which would make infrastructure equity investor Infracapital its biggest shareholder.

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.

Launches of a new “allstar” commercial energy storage system and a large-scale storage solution designed to be moved from one site to another with ease demonstrate the changing needs of customers for versatile and flexible energy storage options.

A US Navy shipyard is getting an upgrade to its microgrid system from Ameresco that guarantees reliability and considerable energy savings over the lifetime of the project.

Commodities trading company Trafigura has said that it is building a large-scale battery storage plant in Belgium through a newly-launched renewable energy joint venture (JV) company.

Distributed energy storage systems made by power management company Eaton will be able to participate in grid balancing markets through integration with a virtual power plant (VPP) platform developed by electric vehicle (EV) charging equipment provider Virta.

Vertically-integrated solar company Q CELLS has completed the acquisition of US-based Growing Energy Labs Inc (Geli) that was announced in August.

An integrated energy system installed for a textiles company in Costa Rica by Rolls-Royce Power Systems will pay for itself in just over four years, the technology provider has claimed.

A couple of weeks ago the New York Power Authority (NYPA) began trialling an energy storage system using lithium batteries based around start-up Cadenza Innovation’s ’Supercell’ architecture which aims to eliminate the threat posed by thermal runaway. NYPA’s R&D lead Alan Ettlinger and Cadenza Innovation CEO Christina Lampe-Onnerud spoke with Energy-Storage.news as the trial got underway.

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.