Hammond appoints Goodearl as director, global accounts

Hammond appoints Goodearl as director, global accounts 150 150 Energy Storage Journal

July 11, 2019: Hammond Group, Inc, the international battery additives and specialist chemical company, has appointed Ray Goodearl as global sales director, the company announced on July 1. Goodearl has more than 30 years’ experience in the battery industry, having worked as vice president of sales and marketing at Superior Battery, the US company that…

‘Grid-scale battery storage a must’ for UK Green Finance Strategy

‘Grid-scale battery storage a must’ for UK Green Finance Strategy 150 150 Energy Storage Journal

July 11, 2019: The launch of the UK government’s ‘Green Finance Strategy’ on July 2 has immediately provoked calls for greater investment in grid scale battery storage from potential investors. “It’s a must if renewable energy is to become viable,” says Ben Guest, head of investment management firm Gresham House New Energy. Guest said the…

Akasol opens first lithium plant in North America

Akasol opens first lithium plant in North America 150 150 Energy Storage Journal

July 11, 2019: German lithium battery maker Akasol is to open its first production facility in the US in response to growing demand for its high-energy battery modules, the company announced on June 26. The $40 million plant will be built in Detroit, Michigan, with production slated to begin in 2020 and capacity to reach…

ABB sheds solar inverter business to Italian firm FIMER

ABB sheds solar inverter business to Italian firm FIMER 150 150 Energy Storage Journal

July 11, 2019: Engineering technology giant ABB has offloaded its loss-making solar inverter business to the Italian energy firm FIMER, the firms announced on July 9. The transaction, in which ABB will pay up to $470 million until the end of 2025 to FIMER, will allow it to ‘focus its business portfolio’ on other growth…

BMZ, KION to launch joint venture for lithium ion batteries

BMZ, KION to launch joint venture for lithium ion batteries 150 150 Energy Storage Journal

July 11, 2019: BMZ Holding, the European manufacturer of lithium ion battery systems, announced on July 11 it plans to form a joint venture with industrial truck and automation technology maker KION Group. The firm will trade under the name KION Battery Systems, and will manufacture lithium ion batteries for industrial trucks in the EMEA…

Stem partners Syncarpha to provide solar + storage in Massachusetts

Stem partners Syncarpha to provide solar + storage in Massachusetts 150 150 Energy Storage Journal

July 11, 2019: Stem, the US energy firm, has partnered Syncarpha Capital, the New York-based private equity firm that develops energy systems, to build 28.2MWh of large-scale solar plus storage projects in Massachusetts, the company announced on July 9. Five sites will be provided with AI-driven storage solutions across the US state, all developed and…

Sumitomo Corporation, Shell invest in blockchain innovator LO3 Energy

Sumitomo Corporation, Shell invest in blockchain innovator LO3 Energy 150 150 Energy Storage Journal

July 11, 2019: Japanese industrial giant Sumitomo Corporation and oil and gas major Royal Dutch Shell are to invest in US blockchain-powered peer-to-peer energy platform LO3 Energy, according to an announcement by LO3 on July 10. The investments will back the commercialization of its blockchain-based community energy networks. “With the rapid growth of renewable energy…

Largest solar plus storage system to be built in Nevada

Largest solar plus storage system to be built in Nevada 150 150 Energy Storage Journal

June 27, 2019: A partnership between US energy firms NV Energy and 8minute Solar Energy and the Moapa Band of Paiutes Indian reservation has agreed to develop the largest solar plus storage project in the US state. It will also be one of the largest in the world, the companies announced on June 25. The…

Highview Power unveils first giga-scale cryogenic battery

Highview Power unveils first giga-scale cryogenic battery 150 150 Energy Storage Journal

June 27, 2019: Highview Power, a long-duration energy storage provider, announced on June 27 that it has developed a modular cryogenic energy storage system, the CRYOBattery. This is scalable up to multiple gigawatts of energy storage. This technology, says the firm, reaches a new benchmark for a levelized cost of storage (LCOS) of $140/MWh for…

AutoGrid, ENERES in world’s largest VPP venture in Japan

AutoGrid, ENERES in world’s largest VPP venture in Japan 150 150 Energy Storage Journal

June 27, 2019: Energy software company AutoGrid and Japanese energy services and trading company ENERES announced on June 17 their intention to create in Japan what will be the largest storage-virtual power plant in the world by asset volume. The project anticipates adding more than 10,000 assets to the VPP between 2020-2021, with rapid scaling…