Solar Energy Storage and Battery News
RayGen's Demo Launch: ARENA Boosts Solar-and-Storage Tech
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.
Sep 1, 2023 // Storage, RayGen
Engie Chile Starts 68-MW/418-MWh BESS at Solar Farm
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.
Sep 1, 2023 // Storage, BESS, PV Power Plant, Engie Chile
TotalEnergies, Ronesans Greenlighted for Turkey Renewables JV
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.
Aug 31, 2023 // Markets & Finance News, Storage, Asia, Turkey, TotalEnergies SE, Ronesans Holding
FIMER Powers BESS at Capgemini
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.
Aug 30, 2023 // Storage, Inverters, RPO, capgemini, BESS System, FIMER Inverters
Encavis Buys 12MW Battery in Germany
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.
Aug 30, 2023 // Markets & Finance News, Storage, Germany, Europe, encavis
Asterion Buys German Steag, Bets on Renewables
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.
Aug 28, 2023 // Markets & Finance News, Storage, Spain, Europe, Asterion
Zeekr Kicks Off $13B IPO Roadshow
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.
Aug 28, 2023 // Markets & Finance News, Storage, NORTHVOLT, Zeekr, Channel19, Electric Era, NaaS, Nickelytics
FranklinWH Closes USD-25m Investment Round
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.
Aug 25, 2023 // Residential, Markets & Finance News, Storage, USA, North America, FranklinWH
RWE Builds Solar-Storage at Hambach Mine
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.
Aug 25, 2023 // Plants, Storage, Germany, Europe, rwe
Engie Expands US Storage Reaches: 350MW & 880MW Online
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.
Aug 25, 2023 // Storage, USA, Engie, North America
Jaguar Land Rover: Harnessing Solar Power with BESS
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.
Aug 23, 2023 // Storage, Jaguar Land Rover, Wykes Engineering
Greenbacker Bets on Solar-Storage Developer Telyon
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.
Aug 23, 2023 // Storage, greenbacker, Telyon
Dominion's 100-MW Solar Park Launched in Virginia
Dominion Energy is constructing a 100-MW solar facility with a battery storage component, expected to generate enough electricity to power over 37,000 homes. The project will commence late this year, and will result in USD 200 million in economic activity and two 1-MW solar carport arrays, 18 electric transit buses, 50 electric fleet vehicles and electric vehicle charging stations.
Aug 23, 2023 // Plants, Large-Scale, Commercial, Storage, USA, Virginia, Dominion Energy, North America, PV Power Plant
BESS Power Secures USD 15m for 2.4GW Project Pipeline
BESS Power Corporation secures USD 15M to develop 2.4 GW of utility-scale stand-alone energy storage projects; featuring the 407.55-MW Lund Storage Center in Texas, with additional projects in Arizona, Tennessee and New Mexico. Founded in 2022.
Aug 23, 2023 // Storage, USA, North America, BESS Power Corporation
250MW Oz Battery Online: Wärtsilä, AGL Power Grid-Forming Flexibility
AGL Energy and Wärtsilä have completed construction of Australia's second largest battery storage system, the 250MW Torrens Island project, designed to help Australia transition to 100% renewable energy and achieve net-zero emissions. Constructed within 18 months, this collaboration between government, regulatory bodies and private sector proves to be a successful partnership.
Aug 22, 2023 // Storage, Australia, AGL Energy, Oceania, Wärtsilä
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