Dynapower, a US manufacturer of energy storage and power conversion system (PCS) equipment, will be acquired by Sensata, a maker of industrial sensors. In a deal announced yesterday, Sensata has agreed to buy Dynapower for US$580 million from the current owner, private equity group Pfingstein Partners. The cash deal is expected to
Read MoreZinc battery firm Eos agrees US$315 million facility with Cerberus Capital, retires existing senior loan. June 24, 2024. US zinc hybrid cathode battery storage manufacturer Eos Energy Enterprises has agreed a financing package with private equity firm Cerberus, comprised of separate loan and revolver facilities totalling US$315 million.
Read MoreEnergy 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
Read MoreEVE Energy Storage Co., Ltd. is a wholly-owned subsidiary of EVE Energy Co., Ltd (stock code: 300014), a battery platform with leading technology and comprehensive cost
Read MoreIndependent power producer (IPP) Neoen and system integrator Nidec have started construction on a 93.9MW/93.9MWh battery energy storage system (BESS) in Sweden, the largest in the country. Paris-headquartered Neoen has given full notice to proceed to Nidec following an engineering, procurement and construction (EPC)
Read MoreSource: Sonnen. Shell is to acquire German battery storage manufacturer sonnen in a bid to accelerate its home energy services position. Sonnen is to sit as a wholly-owned subsidiary of Shell should the acquisition clear regulatory approvals, and the deal comes less than a year after Shell made an investment in the battery firm.
Read MoreThe Tier 1 battery manufacturer – ranked as China''s third biggest in the stationary energy storage space within the last couple of years – is showcasing its latest products at RE+, the biggest clean energy industry event in the US.
Read MoreAccording to the International Energy Agency (IEA) and BloombergNEF, battery storage was the most invested-in energy technology in 2023 with the biggest-ever annual growth in deployments recorded. The organisations have each just published a new report apiece, the IEA focusing on battery storage and BloombergNEF on the wider
Read MoreConstruction on a 550MW/6GWh pumped hydro energy storage project in Estonia will begin in summer 2024 after it was given the green light by regulators. The project, Energiasalv, uses a Zero Terrain structure whereby it is built mostly underground, minimising the environmental and land use impact. baltic, estonia, europe, phes, pumped
Read MoreIncluding Tesla, GE and Enphase, this week''s Top 10 runs through the leading energy storage companies around the world that are revolutionising the space. Whether it be energy that powers smartphones or even fuelling entire cities, energy
Read MoreThe government of the Canadian province of Quebec has approved the construction of an energy storage manufacturing facility from technology company Réseau Allégé Québec (RAQ). The Québec Ministry of the Environment has given environmental and construction authorisation for the facility in Ville de Shawinigan, which
Read MoreSaudi Aramco Energy Ventures is also an investor in Energy Vault, a Swiss-American startup which is currently commercialising a gravity-based mechanical energy storage technology. Energy-Storage.news reported in August that Energy Vault raised US$100 million in a recently closed Series C round and the company is now
Read MoreImage: TotalEnergies. Close to 900MW of publicly announced battery storage projects will be online in continental France by the end of next year and although the country lags behind its nearest
Read MoreEngineering, procurement and construction (EPC) contracts were signed today (13 December), between national electric utility Namibia Power Corporation (NamPower) with Shandong Electrical, Engineering & Equipment Group (SDEE) and battery manufacturer-integrator Narada Power. The first-ever grid-scale battery storage project
Read MoreKarim Wazni, managing director of Aggreko Microgrid and Storage Solutions, told Energy-Storage.news that the "first of its kind" project for Turkey was "particularly exciting," not only as it could help prove the business case for the wider rollout of battery storage in the country to support the reliability of existing grid infrastructure,
Read MoreImage: 8minute Solar Energy. The opportunities for energy storage in the US continue to grow and grow, but moving away from contracted revenue structures to merchant risk projects will be a challenge, especially for lenders. Louise Pesce, a project finance banker to the power sector with MUFG — one of the world''s biggest banks —
Read MoreClean energy markets research group Mercom Capital said the amount it has documented in its latest report into battery storage funding and M&A activity comprised 73 separate deals. Last year, from January to September, 35 deals netted battery storage companies US$3.5 billion.
Read MoreThe EU''s European Investment Bank has pledged support for a long-duration thermal energy storage project and a gravity-based energy storage demonstration project. They have been selected among 15 projects defined as large-scale — each requiring capital costs of more than €7.5 million (US$8.5 million) — through EU
Read MoreWärtsilä''s energy storage division saw a 20% year-on-year increase in sales and a 31% increase in order intake from 2022 to 2023.
Read MoreJuly 22, 2021. Energy-Storage.news proudly presents this sponsored webinar with Honeywell, where we talk about the potential for battery energy storage across the Asia-Pacific region and how to address concerns around risk and bankability that hold back a powerful wave of decarbonisation opportunity. Many countries across the Asia-Pacific
Read MoreThe Canadian province''s government announced yesterday (9 May) that it has made its selection of winners in the Long-Term 1 Request for Proposals (LT1 RFP), adding 410.69MW from three bids by non-storage resources (biogas, natural gas) to 10 battery storage resource bids totalling 1,748.22MW, to procure a total 2,194.91MW.
Read MoreHigh-level Inter-American Bank (IDB) representatives took a tour of the Battery Energy Storage System (BESS) for Bahamas Power and Light Company Ltd.''s
Read MoreA list of the fifty biggest energy storage companies operating in the sector in 2021, along with information about the benefits of energy storage.
Read MoreThe state of Queensland, Australia, has committed to investing AU$448 million into battery energy storage system (BESS) technology at a coal power plant. Premier Steven Miles and minister for energy Mick de Brenni jointly announced today (9 May) that a planned 150MW/300MWh BESS asset at Stanwell Clean Energy Hub in
Read MoreThey will significantly contribute to the Atlantic Canadian province''s estimated need for around 300MW-400MW of energy storage by 2030, which will help Nova Scotia reach its 80% renewable energy policy target and coal power phaseout by that date. With Nova
Read MoreState-sponsored investment fund NY Green Bank, will lend US$25 million to NineDot Energy, a developer of energy storage systems in New York. The developer announced last week (20 July) that it has closed the revolving debt facility with NYGB to advance its pipeline of projects in the US state.
Read MoreThe new ''advanced'' version of the sodium-sulfur (NAS) battery, first commercialised by Japanese industrial ceramics company NGK more than 20 years ago, offers a 20% lower cost of ownership compared to previous models, according to the company and its partner BASF Stationary Energy Storage. cell degradation, certification
Read MoreReliable Energy Storage with EVE''s Big Batteries | EVE''s Products Showcased at the CIES2024.
Read MoreAugust 31, 2017. Dong''s Burbo Bank Offshore Wind Farm, where will be fitting the 2MW battery energy storage system. Image: Wikimedia user: Ian Mantel. Swiss engineering and automation company will be supplying Dong Energy''s 90MW Burbo Bank wind farm in the UK with battery energy storage. announced yesterday that it
Read MoreThe order has been placed by BASF Stationary Energy Storage, which is a subsidiary of the German chemicals company BASF. BASF and NGK have been partnered on efforts to promote, distribute, and market the high-temperature NAS battery technology since 2019, marking the chemicals giant''s entry into the energy market.
Read MoreBased on nine different scenarios, this is divided into 70GWh of pumped storage and 40-120GWh of battery energy storage systems, and excludes heat storage and power-to-fuel systems. These storage systems would be integrated in a grid with an installed capacity of renewables between 193 and 536GW, of which 122-290GW would
Read MoreNorwegian firm EnergyNest is to deploy its thermal battery storage technology at a manufacturing plant in Austria. A thermal battery with a capacity of 6 – 8 MWh is to be installed at brick manufacturer
Read MoreThe national Energy Market Regulation Authority (EMRA) issued pre-licensing for 744MW of storage from 12 applications, worth about a total investment value of US$1.5 billion, earlier this month. Why recent awards of pre-licensing for large-scale projects in Turkey mean a "very promising market" for energy storage is about to open.
Read MoreIn June, Japanese renewable energy developer Pacifico Energy put in action the first trades from battery energy storage system (BESS) assets in the country''s power markets. The two projects developed and brought online by Pacifico are each of 2MW output and 8MWh energy storage capacity, one sited on the northern island of
Read MoreProvide high-safety and high-economy power energy storage solutions in all scenarios of power generation, grid, and user side. The system supports DC1500V voltage platform, flexible access, rapid deployment, and fast networking.
Read MoreImage: BMK / Petra Grasel. Some €17.9 million (US$19 million) in grants will be made available for ''medium size'' distributed-scale energy storage projects in Austria. The country''s Climate and Energy Fund has launched a new call for proposals for ''Medium-sized electricity storage systems'' of between 51kWh and 1MWh in energy
Read MoreImage: Narada. A large-scale energy storage system designed and developed by Narada Power for GCL Silicon has successfully been put into service. The system now stands as the first commercialised energy storage system in China. For this 1.5MW project, Narada has served as an EPC to provide overall design, procurement
Read MoreBattery storage has been touted as critical to the development of renewables as a wholesale alternative to existing power generation but only a handful of
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