February and March’s most important deals in the energy storage sector

February and March’s most important deals in the energy storage sector 706 481 Energy Storage Journal

Round up of deals in the energy storage sector, including: GS Yuasa re-organizes to focus on ESS markets; PolyPlus and SK enter into joint development agreement; ESS firm Zenobe attracts  Japan money; WEG buys energy storage business;  34MWh of storage deployment after Australia deal…and more GS Yuasa re-organizes US operations to focus on ESS markets Japanese battery…

VW end of life battery plans include building German recycling plant

VW end of life battery plans include building German recycling plant 700 377 Energy Storage Journal

March 7, 2019: The question of what to do with aging battery packs from electric vehicles hangs over the e-mobility industry, but vehicle OEM Volkswagen Group announced its answer on February 20: packs will be re-used or sent to its new battery recycling plant in Germany. The company aims to re-use packs as flexible charging…

V2G testing centre opens to increase solar penetration on Texas grid

V2G testing centre opens to increase solar penetration on Texas grid 1024 749 Energy Storage Journal

March 7, 2019: The US state of Texas has deployed its first vehicle-to-grid research and testing facility as it looks to increase renewable penetration on its power supply, energy research center Pecan Street and utility Austin Energy announced on February 6. The technology will be used to offset peak demand and provide greater flexibility in…

UK utility looks to storage and DER to balance grid demand and supply

UK utility looks to storage and DER to balance grid demand and supply 1024 578 Energy Storage Journal

March 7, 2019: UK distribution network operator Western Power Distribution announced plans on February 11 to procure up to 93MW of distributed energy resources within the next year. The network operator intends to procure demand response resources across 12 zones in the south-west of England and Wales by 2020. The procurement process is technology agnostic…

Fossil fuel giant Shell continues to buy into new energy revolution

Fossil fuel giant Shell continues to buy into new energy revolution 698 510 Energy Storage Journal

March 7, 2019: Oil and gas giant Shell has announced two deals in as many weeks that positions it at the forefront of new energy transition, one with virtual power plant firm Limejump and the other with residential storage company Sonnen. Both firms will become wholly owned subsidiaries of the British-Dutch company following post-regulatory approval.…

Australian gigafactory plans advancing after licensing deal

Australian gigafactory plans advancing after licensing deal 453 287 Energy Storage Journal

March 7, 2019: Battery start-up Cadenza Innovation announced on February 20 it had signed a licensing agreement with Energy Renaissance, the company that signed a memorandum of understanding in 2017 with the Darwin government to build a lithium ion gigafactory in Australia. The deal gives the Australian company exclusive manufacturing rights of the US firm’s…

SEC invites tenders for more than 42MWh of storage in India

SEC invites tenders for more than 42MWh of storage in India 273 185 Energy Storage Journal

  March 7, 2019: Solar Energy Corporation of India, a company of the Ministry of New and Renewable Energy, Government of India, opened online bids for 42MWh of battery energy storage on February 26. The invite for bids — 7MW/21MWh each at Leh and Kargil districts in the Indian state of Jammu and Kashmir — will put the…

Battery insurance product makes project financing easier

Battery insurance product makes project financing easier 300 168 Energy Storage Journal

  March 7, 2019: German insurance firm Munich Re has launched an insurance product that allows large-scale energy storage developers to guarantee their project’s long-term performance, the company announced on March 7. Munich Re believes the insurance will make it easier for developers to obtain project financing because it caps the maximum warranty costs incurred…

UK deploys country’s first lead acid and lithium ion hybrid ESS

UK deploys country’s first lead acid and lithium ion hybrid ESS 299 168 Energy Storage Journal

  March 7, 2019: A 325kWh hybrid lead acid and lithium ion energy storage system has been deployed in the UK to deliver peak shifting services through a partnership that includes the Infinite Group, University of Sheffield, Innovate UK and GS Yuasa, the companies announced on February 6. The ADEPT (advanced multi-energy management and optimization…

APS plans to deploy 850MW of battery storage plus solar projects

APS plans to deploy 850MW of battery storage plus solar projects 275 183 Energy Storage Journal

  March 7, 2019: US power utility Arizona Public Service announced three major clean-energy initiatives totalling 850MW on February 21 that will deliver peak shifting services and increase the company’s renewable energy mix. The storage capacity will be delivered by 2025 through seven projects at existing solar power plants, new solar plus storage projects and…