US utility Southern California Edison (SCE) has selected energy storage manufacturer and developer Powin Energy, a subsidiary of Powin Corporation, to build a 2MW / 8MWh storage system for grid support and capacity services as a result of an emergency procurement call from the California Public Utilities Commission’s (CPUC).
Bloomberg New Energy Finance (BNEF) senior analyst Logan Goldie-Scot discusses with Energy-Storage.News drivers for the recent uptick in storage across the globe, as well as insights on why America has an ideal regulatory approach to storage technologies, the recent UK tender, and the potential of dynamic markets in Asia Pacific.
Korean battery provider Kokam is to develop a 36MW/13MWh energy storage system for South Korea’s largest utility Korea Electric Power Corporation (KEPCO).
Mercom Capital Group’s latest report showed how energy storage companies brought in US$125 million in venture capital (VC) funding in Q2 2016, double that of the previous quarter. Year-over-year funding this second quarter roughly matched last year’s Q2 output, which had US$126 million in 13 deals.
Lockheed Martin has told Energy-Storage.News that while the company wants its energy storage systems to support the adoption of renewable energy, its recently launched lithium-ion devices will focus on “commercial applications”.
Power firm AES India recently agreed to build the first large-scale battery-based energy storage project in India, working with consumer electronics and energy storage firm Panasonic India. Manish Kumar, managing director, energy storage, AES Corporation spoke to Energy-Storage.News to explain the potential of the Indian market and how the project will progress.
Texas-headquarted Mercom Capital Group recently released its Q1 2016 funding and M&A report for energy storage, smart grid and energy efficiency sectors. Mercom’s CEO and co-founder Raj Prabhu discusses the energy storage trends tracked in this quarter with Energy-Storage.News, especially in light of the drop in venture capital funding this quarter.
A trial project using 1.1MWh of lithium-ion battery storage to harness power from rooftop solar systems has been installed in the Western Australia suburb of Alkimos.
ABB has signed a memorandum of understanding (MoU) with Chennai-based engineering and research organisation, the Indian Institute of Technology Madras (IITM) to partner on building microgrids and develop R&D in the battery energy storage area.
Australian battery developer Redflow has launched what is thought to be the first residential-level storage device to use a flow battery, in its home market.
