Proposed merger will make zinc battery developer Eos Energy a public company
Eos has executed a letter of intent for a merger with a SPAC — which would result in Eos becoming a publicly listed company. Investors seem fascinated by energy storage this year, the long-duration variety in particular.
Energy investment roundup: $50M for drinking water from solar-powered ‘hydropanels’
Also African microgrids, $200 million for solid-state batteries, $20 million for utility field safety, billions for infrastructure, and millions for deep tech.
Fluence’s sixth generation of storage technology has over 2 GWh of commitments at launch
Featuring a monitoring system that tracks system performance, a comprehensive operating platform and stackable system design, Fluence claims its new solution is capable of reaching gigawatt-sized deployments while driving project costs down as much as 25%.
Panasonic and Span team up for home battery backup and energy management
Span’s ambition is to “transform the electrical panel into an intelligent gateway” and help expand the adoption of solar, EVs and storage like Panasonic’s residential battery.
Calm before the Q2 storm: US energy storage market posts decent Q1
WoodMac looks back at the storage industry in simpler, long-ago times — eight weeks ago.
Used EV batteries for large-scale solar energy storage
MIT scientists have suggested that used electric vehicle batteries could offer a more viable business case than purpose-built systems for the storage of grid-scale solar power in California. Such ‘second life’ EV batteries, may cost only 60% of their original purchase price to deploy and can be effectively aggregated for industrial scale storage even if they have declined to 80% of their original capacity.
Lithium-ion storage is here to stay with no ‘post Li-ion’ era in sight
A German-Israeli research group has gathered to discuss which storage technologies may outperform lithium-ion batteries in the future. They concluded that there is no such a thing as a “post Li‐ion” era in sight. They recommended a “side‐by‐side” approach for multiple technologies in different applications, as well as the hybridization of technologies.
Form Energy claims its aqueous air battery provides 150-hour duration storage
The holy grail of energy storage has always been low-cost and long-duration. Form Energy intends on deploying a 1 MW/150 MWh system with a Minnesota utility before 2023, an unprecedented energy storage duration if successful.
SolarEdge reports record revenue, yet Covid looms over residential PV for the next two quarters
Even though the U.S. market is showing some signs of stabilizing, the decline in installation rates in April alone was 33%.
Morning Brief: PG&E customers ready to ride out fire season with batteries, are EVs holding back stationary energy storage systems?
Also in the brief: Chinese EV startup Nio has secured a $1 billion investment, Kore Power has entered into a strategic partnership with ELM FieldSight, Nautilus Solar Energy has closed on a $90 million debt financing agreement and more.
