Statkraft AS joined with Statera Energy to build 1 gigawatt of storage in the U.K. with a backup generator fueled by natural gas, part of an effort to profit from the nation’s need to balance its power grid.
A £28 million cash injection will help deliver a "world-class" electric car battery development centre - putting the UK at the forefront of the industry, the Government has said.
Total is tying up with China’s Tianneng Group to build batteries, moving into mass production of electricity storage technology after snapping up Saft Groupe SA in 2016.
Conamix, an Ithaca, New York-based battery-technology startup, raised $2 million from investors including an Exelon Corp.-backed company focused on innovations in energy storage.
The rise of electric vehicles and the quest to find solutions to energy storage for the renewables industry have created a breeding ground for tech experts to develop battery technologies.
The launch of a new battery for homes that can store solar power for use in the evenings is “another nail in the coffin of conventional utilities”, it has been claimed.
Tesla announced it was launching the wall-mounted lithium ion rechargeable storage units, based on the batteries used in the company’s electric vehicles, at an event in California.
Chief executive Elon Musk said: “Our goal here is to fundamentally change the way the world uses energy”, as he launched the new “powerwall” batteries, which are little bigger than a conventional boiler.
The technology will cost between 3,000 and 3,500 US dollars (£2,000 - £2,300) and will start shipping in the US in the summer.