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SUSI Partners invests in solar PV and storage developer Encore Renewable Energy

May 24, 2023. A 3.3MW community solar project in Vermont built by Encore on a brownfield site. Image: Encore Renewable Energy. Swiss fund manager SUSI Partners, through its Energy Transition Fund

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Feerum Egypt invests $33mln in new grain storage silo factory in

Egypt - In a significant move to bolster Egypt''s grain storage capabilities, Feerum Egypt has announced the establishment of a new factory dedicated to the design, manufacture, and construction of grain storage silos in the East Port Said region. The initiative, backed by an investment of EGP 1.6bn, was marked by a land allocation

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MTR Lab invests in Hong Kong green energy storage system provider Ampd Energy

MTR Lab, a subsidiary of Hong Kong''s railway operator that invests in technology, has invested in local battery-powered energy storage system provider Ampd Energy to fund its expansion projects

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Energy storage systems impact on Egypt''s future energy mix with

This study focuses on the role that the energy storage systems including (pumped hydro power, redox flow and lithium-ion batteries and hydrogen energy) may play in an

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Scatec, EEHC to build Egypt''s first solar and battery storage project

CAIRO - 3 December 2023: Norway''s Scatec and the Egyptian Electricity Holding Company (EEHC) have signed a cooperation agreement for the first a solar and battery storage

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ABN AMRO Sustainable Impact Fund invests in battery energy storage company Colibri Energy

"We believe that energy storage, in both fixed and mobile applications, is crucial for the sustainable energy shift," says Thijs Nijland, investment manager at ABN AMRO SIF. Recognising the huge potential and wide range of applications for energy storage, the fund will be actively looking to expand its exposure in this segment.

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Glencore investing US$200 million into lithium battery recycler Li-Cycle

Under commercial agreements that the two companies have come to, Glencore''s primary metals supply business for lithium battery manufacturers will be able to leverage Li-Cycle''s materials recovery and recycling ecosystem. Natural resources giant Glencore has agreed to back the Canadian battery recycler to the tune of US$200 million.

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Egypt Battery Market report focuses on global major leading

Batteries play a crucial role in energy storage solutions, both for residential and industrial applications. Skip to main content Egypt Energy Storage Market 2024-2030 Size, Trends, Analysis

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Sweden''s Ingrid Capacity gets US$100 million investment from shipping group BW''s BESS subsidiary

A battery storage subsidiary of maritime company BW Group has committed to investing in Swedish energy storage developer Ingrid Capacity. Ingrid Capacity said this morning it had secured "around SEK1 billion (US$96.7 million)" of investment from Singapore-headquartered shipping and maritime player BW Group''s BW

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EGYPT: Amarenco invests in solar energy through a

Irish energy company Amarenco has signed an agreement with SolarizEgypt to jointly develop a 300 MW solar power portfolio for commercial and industrial (C&I) customers in Egypt. It''s a game

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''South Africa is a trailblazer'': Electricity minister opens solar-plus-storage plant with 1,140MWh BESS

With a combined solar generation capacity of 540MW, and 225MW/1,140MWh of battery energy storage system (BESS) technology, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out

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Egypt joins Battery Energy Storage Systems Alliance at COP28

The BESS Alliance seeks to expedite the deployment of reliable and efficient renewable energy storage systems, particularly for low and middle-income

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Rystad Energy: Egypt Invests in Green Hydrogen Economy

Rystad Energy: Egypt Invests in Green Hydrogen Economy. 19 May 2022 by energyglobal . COP27 host Egypt has committed US$40 billion to green hydrogen economy to attract foreign investment. Egypt''s pipeline for green hydrogen projects stands at 11.62 GW, equivalent to over 1.57 million t of green hydrogen, ranking

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Amazon invests in ESS battery analytics startup ION Energy

Amazon has invested in India-headquartered battery management software and electronics specialist ION Energy through its US$2 billion fund to support companies with promising sustainability technologies. ION Energy co-founder and CEO Akhil Aryan emailed Energy-Storage.news yesterday to announce that the internet retail giant''s

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Energy Storage In GCC And Egyptian Markets To See An

Solar energy applications recorded a large part of this growing interest in Saudi Arabia, Egypt, the Emirates, Oman, Kuwait, and Qatar, adding that Saudi Arabia

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Germany adds 512MW solar-plus-storage in latest auction

9 · Germany has awarded 512MW of capacity to solar-plus-storage projects in its most recent Innovation Auction. The auction, run by the Bundesnetzagentur – the German Federal Network Agency – had

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How viable is battery storage as a solution to Egypt''s

Egypt has been looking at a number of ways to store electricity as part of its ambitions to grow renewable energy capacity to cover 42% of the country''s electricity needs by 2030. These include

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Nickel-zinc battery storage startup ZincFive raises US$54 million

ZincFive, a US company developing nickel-zinc battery technology for stationary storage applications including data centre UPS solutions, has closed a Series D financing round. The round closed with US$54 million raised, Oregon-headquartered ZincFive said yesterday, bringing the company''s total funding raised since its founding to

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UK developer Alcemi wins planning permission for

Network solutions company Alcemi has been granted planning permission to develop "one of Europe''s largest energy storage facilities". The 2-hour 500MW/1,000MWh energy storage facility could

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Egypt''s first solar battery storage PPA secures debt funding

Egyptian solar energy company KarmSolar announced on Sunday that it has secured 47 million Egyptian pounds ($2.4 million) in debt funding from Qatar

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EGYPT: KarmSolar secures $2m for solar energy storage

With this loan, solar energy provider KarmSolar intends to set up an electricity storage system for the second phase of a solar farm that the company is building to power the Cairo 3A Poultry Farm, located

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Honeywell invests in systems from US flow battery provider ESS

Updated 29 September 2023: Following publication of this story, ESS Inc responded to a couple of Energy-Storage.news'' enquiries. The company said the partnership with Honeywell encompasses ESS Inc having access to Honeywell''s IP on iron flow batteries. In the process, it was revealed that the flow battery Honeywell has been developing and

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Sustainable large-scale energy storage in Egypt

The project aims at providing the scientific, technological and policy basis required for the development and implementation of large-scale energy storage in Egypt, enabling

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Huawei wins contract for world''s largest energy storage project

October 19, 2021. Huawei Digital Power has announced the signing of a key contract with SEPCOIII for its NEOM Red Sea project, which involves 400 MW of PV plus a 1300 MWh battery energy storage

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Scotland: Foresight Group invests in 1.6GWh pumped hydro project

Asset manager Foresight Group has invested in a co-located 1.6GWh pumped hydro energy storage and wind project in Scotland. The project, at the disused 1,547-acre Glenmuckloch opencast coal mine near Kirkconnel, will see the construction of a 210MW/1,600MWh capacity pumped hydro energy storage plant along with a 33.6MW

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Japanese firm Idemitsu invests in Australian vanadium project

Image: Vecco Group. Japanese petroleum firm Idemitsu has invested in a vanadium mining, processing and electrolyte production project in Australia, while two other major upstream projects have progressed. Through subsidiary Idemitsu Debella Pty Ltd, the Tokyo-based company has ''become a major investor'' in Vecco Group, which is

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Egypt signs letter of intent to join Battery Energy Storage Systems

CAIRO - 3 December 2023: Egypt signed a letter of intent to join the Battery Energy Storage Systems Alliance (BESS), which is one of the main initiatives of the Global

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Queensland government invests in 200MWh Tesla Megapack BESS at coal power plant site

A 100MW/200MWh battery energy storage system (BESS) comprising Tesla Megapacks will be built by a state-owned power company in Queensland, Australia. The state government announced today that generation company CS Energy will install the grid-scale project at a site near the town of Chinchilla, in Queensland''s Western Downs

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ROUNDUP: Long-duration energy storage news in brief

Energy Dome closes second tranche of funding round. Energy Dome, Italy-headquartered provider of a proprietary energy storage technology which uses carbon dioxide (CO2) as the medium, has closed out the second tranche of its Series B. This edition of our news in brief focuses on activities in long-duration energy storage, with Energy

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Egypt''s solar-plus-storage-project gets $2.4 million financing

The solar energy company has a PPA to supply electricity to the poultry farm using a microgrid combining solar PV, storage and diesel generators. The original

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