Tesla energy storage deployments grew 18% and solar deployments grew 11%, as the EV + battery + solar company achieves its a long-awaited quarterly profit on the success of its Model 3.
The nation’s largest developer of wind and solar added 447 MW of solar and 120 MW of batteries to its backlog, as it delves deeper into energy storage.
Mercom Capital’s latest report shows both VC and public market funding for battery storage growing year-over-year.
In this op-ed StoreDot Founder and CEO Dr. Doron Myersdorf discusses the current battery manufacturing landscape, the next steps the industry could take, and the potential behind new technologies.
The Canadian battery storage company has hired Marcus Brunner and Dr. Andreas Rueckemann, both formerly of Mercedes-Benz Energy.
The power electronics maker will buy 75% of Kokam’s shares for $88 million, with an intent to acquire the remainder thereafter. Strategic company acquisitions and close partnerships are characterizing this year’s inverter market, as companies seek to diversify and integrate storage systems and other technologies.
The investment comes as part of Governor Cuomo’s ambitious state mandate of 1,500 MW of energy storage by 2025, in hopes of shifting generation to match demand.
Duke Energy has announced plans to invest $500 million to build 300 MWh of energy storage in the Carolinas over the next eight years, which breaks down to an average of 37.5 MWh per year.
Hawaii’s investor-owned utilities are in negotiations with developers to build seven solar projects across three islands.
The unique project will match Texas’ largest previous battery storage project to address the difference between peak generation and peak demand.
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