Speaking at the Sydney Energy Forum, leaders from the United States and Australia have highlighted the importance of not only transitioning to renewables, but of ensuring the supply chains used to make the technologies do not remain as concentrated as they are today.
Chinese-Canadian PV heavyweight Canadian Solar has for an undisclosed sum offloaded two of its Australian utility scale solar power projects with a combined generation capacity of 260 MW to an offshoot of United States renewable energy giant Berkshire Hathaway Energy.
Reactive Technologies uses an ultracapacitor to send signals into the grid that help managers determine the level of system inertia, supporting power grid stability, and they’re coming to the United States.
The investment is planned to support development and construction of Hydrostor’s 1.1 GW, 8.7 GWh of Advanced Compressed Air Energy Storage projects that are well underway in California and Australia, and help expand Hydrostor’s project development pipeline globally.
Also starting up: Aussie startup claims a 25.54% silicon cell efficiency record, and Energy Vault exits startup status with a $1 billion offer.
The company will use the funds to expand its team, as it looks to show off the innovation of its cell-level battery management system and inverter technology.
The improvements are believed to stem from lower temperatures on the green roof.
It’s a breakthrough so simple that the Australian patent office needed convincing it counted as an invention.
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