Electriq Power looks set to become the latest in a series of SPAC listings in the energy storage sector, with the US home energy storage firm set to hit a US$495 million valuation.
Some 2,000 residential battery systems in Belgium have been aggregated into a virtual power plant (VPP) and are providing balancing services to transmission system operator Elia.
Home energy storage system provider NeoVolta has raised US$3.9 million in a Nasdaq uplisting, lower than initially planned amidst ‘tough capital markets’ according the company’s CFO.
Annual deployments of distributed energy storage connected to virtual power plants (VPP) is expected to reach 3GW by 2030, according to research firm Guidehouse Insights.
Microinverter and home energy storage system supplier Enphase Energy has “relatively good availability” of its products despite high demand in the current supply chain environment, its marketing director for Europe told Energy-Storage.news.
The brother of the founder of the US’ largest homebuilder D R Horton has chosen Salient Energy’s zinc-ion battery storage system for installation in the 200,000 homes his company plans to build, saying that lithium-ion has “a lot of issues”.
The German energy storage market continued to be dominated by the residential segment in 2021 although utility-scale battery revenues grew by nearly six times year-on-year, according to new figures from the national storage association.
The German battery storage market continues to be dominated by the residential segment which accounted for 93% of the 1,350MWh of capacity installed last year, according to research by a group of Aachen-based institutions.
