Solar Energy Storage and Battery News

Enfinity Global Inc secures $428.9 million investment from ICG to power 17 GW project portfolio, accelerating growth with 7.3 GW energy storage. ICG Infra to build & operate existing projects and support long-term growth. Pending regulatory clearance.

Amp Energy's groundbreaking agreement with ElectraNet for a 150-MW/300-MWh BESS in South Australia marks the start of the Renewable Energy Hub of South Australia with 636-MW Robertstown, 336-MW Bungama, and 388-MW Yoorndoo Ilga Solar PV projects, 540 MW of batteries, a hydrogen production facility, and an aboriginal cultural heritage agreement. Total project cost AUD-2 billion.

This article looks at how developers are leading the UK's transition to a net zero carbon future, focusing on how this will ensure grid stability and the integration of renewable energy sources.

RayGen Resources Pty Ltd has opened a 4MW solar and thermal storage power plant in Carwarp, Victoria. ARENA funds AUD 10 million to support the commercialisation of RayGen's technology, allowing for long-duration energy storage and improved design of a 200 MW solar and 115 MW/1.2 GWh storage system.

Engie Chile has begun assembling a 68-MW/418-MWh battery energy storage system. Tamaya BESS will store electricity from Engie's 114-MW Tamaya solar farm and reduce CO2 emissions by 42,187 tonnes/year. Part of Engie Chile's energy transformation plan, the project aims to convert traditional power plants into renewable energy sources.

TotalEnergies SE and Ronesans Holding joint venture will enable TotalEnergies to become one of the leading players in the Turkish renewable energy sector. European Commission approves of this agreement due to its limited impact in EEA.

Capgemini, the IT multinational firm, has partnered with FIMER on a revolutionary project that will reduce 70,000 tonnes of carbon emissions and use 100% renewable energy. FIMER supplied three 2MVA PCS bidirectional converters for two office campuses in India. With Black Start Mode/Grid forming mode, the PCS can form the grid during outages.

Encavis AG has announced the purchase of a 12MW/24MWh battery storage project in Hettstedt, Germany. The energy storage system will be integrated into the grid in 2024 and will store electricity from Encavis' renewable power facilities, reducing the cost of balancing energy. Mario Schirru, Encavis' Chief Investment Officer, highlighted the new plant's ability to generate more revenue from their Renewable Energy. First half of 2023 results reported flat revenue and earnings per share.

Spanish investment firm Asterion Industrial Partners has reached a EUR 2.6 billion deal to acquire German energy company Steag GmbH. The proposed transaction includes investment in renewable energy, new green job creation, and is expected to close by 2023.

Investors are pouring capital into the battery business, and lithium-ion producers like Northvolt are reaping the benefits with over $9 billion raised since 2017. Zeekr IPO will take Geely Holdings's EV maker valuation to $13 billion. Accure, Channel19, Electric Era, NaaS and Nickelytics have closed deals worth millions. Battery tech, EV makers and startups are popular investments.

FranklinWH Energy Storage Inc., a US residential energy storage systems (ESS) company, has raised USD 25 million (EUR 23.1m) in Series B funds. Particle Future led the round to enhance R&D, optimize supply chain, and expand operations and sales network. Franklin Home Power integrates solar, battery, grid and generator power sources. Founded in 2019 and funded by Sequoia Capital. Gary Lam says the new capital will make renewable energy options more accessible.

RWE AG is constructing an 8.4-MW solar farm with an 8-MWh battery storage system in Germany, consisting of 22,000 bifacial modules that will power 3,100 households. The project is part of a EUR 4 billion (USD 4.34bn) plan to build 1,000 MW of renewable energy in the Rhenish mining district by 2030.

Engie, a global energy company, has signed a binding agreement to acquire Broad Reach Power, a US energy storage company, to support 10GW of battery capacity globally by 2030. Completion expected by end of 2023.

Jaguar Land Rover and Wykes Engineering join forces to develop a Battery Energy Storage System (BESS) with second-life EV batteries for sustainable energy storage in the UK. BESS will store up to 7.5MWh of energy with a smart inverter to manage energy supply and demand.

Greenbacker invests in Telyon to support its solar, storage, and EV charging projects. Telyon has a near-term dev. opportunity of 400 MW and a 1.2 GW pipeline. Greenbacker also acquired a 30-MW/120-MWh battery energy storage system in Imperial County, California. The new funds will help increase Telyon's capacity and reach.