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Energy Storage News

SUSI Energy Storage Fund reaches first closing

SUSI Energy Storage Fund reaches first closing

🕔Apr 5, 2017

The SUSI Energy Storage Fund (SESF) has reached a first closing of €66 million (US$70 million).

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TRIG to acquire £100M wind and storage power projects in Scotland

TRIG to acquire £100M wind and storage power projects in Scotland

🕔Apr 4, 2017

TRIG, The Renewables Infrastructure Group Ltd, is considering the potential acquisition of a battery storage project and a Welsh wind farm in Scotland for a total amount of £100 million (US$125 million)

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South Australia launches tender process for 100 MW battery project

South Australia launches tender process for 100 MW battery project

🕔Mar 21, 2017

The State Government of South Australia has opened a two-week Expression of Interest period for national and international companies interested in building Australia’s largest grid-scale battery in South Australia.

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Victoria launches a request for expression of interest for 20-MW battery storage facility

Victoria launches a request for expression of interest for 20-MW battery storage facility

🕔Mar 2, 2017

The government of the Australian state of Victoria has announced a call for Expressions of Interest to build Australia's first grid scale battery storage facility.

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AES Corporation to develop India’s first grid-scale energy storage system

AES Corporation to develop India’s first grid-scale energy storage system

🕔Jan 20, 2017

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Carnegie announced AUD5 M capital raise

Carnegie announced AUD5 M capital raise

🕔Jan 18, 2017

Carnegie Clean Energy Limited has announced that it has received firm commitments for a AUD5 million (US$3.74 million) capital raise via the issue of AUD0.08 (US0.06) per share convertible notes which will be used to refinance an existing AUD500,000 working capital bank facility currently in place with its 100% owned solar/battery microgrid developer Energy Made Clean Pty Ltd.

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AES and KIUC announced PPA for hybrid solar and energy storage plant

AES and KIUC announced PPA for hybrid solar and energy storage plant

🕔Jan 12, 2017

AES Distributed Energy, Inc., a subsidiary of the AES Corporation, and Kauai Island Utility Cooperative have announced the execution of a power purchase agreement for an innovative plant that will provide solar energy together with the benefits of battery-based energy storage for optimal balancing of generation with peak demand.

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Pertamina, Marubeni, Sojitz team win US$2 billion Java-1 power plant contract

Pertamina, Marubeni, Sojitz team win US$2 billion Java-1 power plant contract

🕔Dec 15, 2016

Pertamina-led consortium has secured first place in the bidding for US$2 billion contract for 1.6 GW power plant Java-1. The plant will be located in West Java, Indonesia.

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VTTI and ENNA to develop a major energy asset in the Adriatic

VTTI and ENNA to develop a major energy asset in the Adriatic

🕔Nov 30, 2016

VTTI, the global independent provider of energy storage, and Energia Naturalis Holding (ENNA), have signed an agreement for the purchase by VTTI of 70% of Adriatic Tank Terminal (ATT) in the Port of Ploce (Croatia), the main Adriatic deep-water port. 

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SUSI Energy Storage Fund successfully closes its first transaction, investing in a 12 MW portfolio of Canadian Energy Storage assets

SUSI Energy Storage Fund successfully closes its first transaction, investing in a 12 MW portfolio of Canadian Energy Storage assets

🕔Oct 31, 2016

The SUSI Energy Storage Fund has closed its first investment, participating in the financing of a portfolio of two Energy Storage projects in Ontario, Canada.

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Carnegie obtains financing for Garden Island Microgrid project

Carnegie obtains financing for Garden Island Microgrid project

🕔Oct 26, 2016

Carnegie Wave Energy Limited has announced that it has signed a AUD3.69 million (US$2.81 million) Debt Financing Agreement to support the world’s first solar, battery and wave integrated microgrid project in Australia.

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Larne CAES project awarded additional €8.28 million financing from the EU

Larne CAES project awarded additional €8.28 million financing from the EU

🕔Oct 7, 2016

The Connecting Europe Facility (CEF) of the European Union has awarded an additional €8.28 million (US$9.26 million) to Project CAES Larne, NI – a 330 MW energy storage project using compressed air energy storage technology (CAES) which is being developed by Gaelectric on the Islandmagee peninsula near the port town of Larne in Northern Ireland.

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Gaelectric appoints Barry Gavin as CEO

Gaelectric appoints Barry Gavin as CEO

🕔Oct 3, 2016

Gaelectric, a company that develops and operates renewable energy projects in wind, bioenergy, and solar, has announced the appointment of Barry Gavin as Chief Executive Officer. 

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ARENA announces funding for world first project to combine big PV solar and battery storage

ARENA announces funding for world first project to combine big PV solar and battery storage

🕔Aug 26, 2016

The Australian Renewable Energy Agency (ARENA) is providing A$17.4 million (US$13.25 million) funding support for Conergy to build and operate a 10.8 MW (AC) solar photovoltaic (PV) plant with 1.4 MW / 5.3 MWh of lithium-ion battery storage in the Lakeland region of North Queensland, Australia.

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Starwood Energy allocates $100mm to energy storage firm STEM

Starwood Energy allocates $100mm to energy storage firm STEM

🕔Aug 24, 2016

Stem, a firm focused on software-driven energy storage, has announced that its project financing pool now exceeds US$350 million with the addition of up to US$100 million in new financing from investment affiliates of Starwood Energy.

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50 MW Wind, Solar and Storage hybrid facility approved in Queensland

50 MW Wind, Solar and Storage hybrid facility approved in Queensland

🕔Aug 2, 2016

Construction of the first stage of Kennedy Energy Park will commence early in 2017 having received development approval last week. Kennedy is an innovative wind, solar and storage hybrid energy solution comprising of 30 MW of Wind, 20 MW of Solar and 2 MW of Li ion battery storage.

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Macquarie to invest $200 million in energy storage projects

Macquarie to invest $200 million in energy storage projects

🕔Jul 21, 2016

Macquarie Capital has completed a transaction to provide capital for the joint development and construction of a US$200 million fleet of the Advanced Microgrid Solutions' (AMS) landmark energy storage projects. 

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Sungrow and Samsung launch JV for energy storage

Sungrow and Samsung launch JV for energy storage

🕔Jul 21, 2016

Sungrow, the a photovoltaic (PV) inverter manufacturer, has announced the official start of operations of Sungrow-Samsung SDI Energy Storage Power Supply, a joint venture (JV) along with Samsung.

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GSR GO Scale Capital signs non-binding framework agreement with SPI Energy to pursue investment opportunities in the alternative energy industry

GSR GO Scale Capital signs non-binding framework agreement with SPI Energy to pursue investment opportunities in the alternative energy industry

🕔Jul 6, 2016

GSR GO Scale Capital has announced it had signed a non-binding framework agreement with SPI Energy Co., Ltd. for the issuance of US$500 million worth of convertible bonds by SPI Energy, addressing investment opportunities in the alternative energy industry.

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LG Chem powers one of the largest solar and storage systems in the United States

LG Chem powers one of the largest solar and storage systems in the United States

🕔Jun 15, 2016

Half Moon Ventures (HMV) has completed the development of a battery energy storage system (BESS) and 4.2 MW solar photovoltaic (PV) systems in Ohio, USA.

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