California-based Yoshino Technology has developed portable batteries using solid-state Li-NCM cell technology. The four variants come with power outputs of 330 W, 660 W, 2,000 W, and 4,000 W.
Also on the rise: LG Energy Solution partners with Hanwha Group on U.S. battery development. Demand shifts from fossil fuels to renewables. And more.
The Rocky Mountain Institute said global demand for fossil fuels peaked in 2019, and renewables are occupying that demand due to low costs and shifts in global capital.
The non-binding agreement with Impact Clean Power covers batteries produced through 2030 and may be worth $1.8 billion.
The South Korean partners will invest in ESS-exclusive battery production lines in the U.S. and develop technologies for ESS battery solutions.
Tigo’s new capital is from L1 Energy, an investment fund of LetterOne (L1), which manages $6 billion in energy investments worldwide.
Flex announced that its subsidiary, Nextracker, has publicly filed a registration statement for an initial public offering.
Also on the rise: Renewable energy commercialization center to be built next to NREL. GameChange Solar launches 1P-2Row Genius Tracker. And more.
Under a 25-year agreement valued at nearly $1 billion, a California community choice aggregator will purchase 200 MW of 8-hour energy storage from Hydrostor’s planned 500 MW facility.
The facility, which is expected to begin construction this month, ranks within the top ten largest solar projects in the United States.
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