The financial sector is increasingly throwing its weight behind battery energy storage systems (BESS), but transparent regulations are necessary to keep the investment going. This was one of the resounding messages from the 2nd BVES Investor Summit, held in Berlin on Wednesday.
Sodium-ion batteries are undergoing a critical period of commercialization with Chinese cleantech juggernauts actively working on their products.
Two U.S. businesses top categories as the pv magazine Awards 2024 winners are revealed. The global competition recognizes innovative businesses and projects from across the globe. Expert independent jurors had high praise for U.S. companies in the Balance of System (BoS) and Battery Energy Storage System (BESS) categories.
While some may call it a fairytale chemistry, solid-state lithium-air battery (SS-LAB) technology is now a step closer to commercial reality with the foundation of Air Energy. The startup has set out to scale the application of this promising technology over the next five years.
Also on the rise: LCOE not correct optimization parameter of PV plants, say researchers. The great grid transition in the age of data centers and EVs. And more.
By leveraging smart panels, both consumers and utilities can lower energy costs and reduce the strain on the grid without resorting to massive, costly infrastructure projects.
SolarEdge will shutter its energy storage unit and manufacturing, cutting 500 jobs.
Also on the rise: Energy Department announces $289.7 million loan guarantee for widespread VPPs. Fifteen states shine with 50%+ solar growth in a year. And more.
The conditional loan guarantee will help deploy up to 1,000 solar and battery energy storage systems in a virtual power plant that spans as many as 27 states.
In what appears to be the world’s largest project of the kind, Element Energy’s 53 MWh storage project – consisting of repurposed EV batteries – is now operating in West Central Texas.
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