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British group invests in energy storage project

Energy services and solutions company Centrica and British state-owned UK Infrastructure Bank are investing £265 million ($329.8 million) in energy storage in the UK, marking the bank’s first investment into such technology.
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Goldman Sachs invests US$250 million in long-duration energy storage

The asset management group of investment banking firm Goldman Sachs is making a US$250 million investment into advanced compressed air energy storage (A-CAES) company Hydrostor. US battery energy storage system (BESS) project developer-operator Jupiter Power has secured a US$225 million corporate credit facility.

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Japanese firm Idemitsu invests in Australian vanadium project

Around 70% of the today''s supply of vanadium metal comes recovery projects while three primary producers of the chemical share another 20% of the market: Largo Resources, Bushveld Minerals and Glencore. Energy-Storage.news recently interviewed one of the leading vanadium redox flow battery companies in the world, Invinity Energy Systems.

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Microgrids, battery storage projects get funding

Secretary of Energy Jennifer Granholm (left), in Georgia yesterday to make the announcement. Image: Secretary Jennifer Granholm via X/Twitter. A US$10.5 billion programme to "strengthen grid resilience and reliability" across the US includes funding for microgrids and other projects that will integrate battery storage technologies.

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ACL Energy, BW ESS and Penso Power form Italian energy

Three projects in Italy''s Lombardia, Piemonte, and Puglia regions. 14 February 2024, ITALY / UK / SINGAPORE – ACL Energy, a Milan-based battery energy storage developer, today announces a joint venture partnership with BW ESS, an energy storage business dedicated to building, owning, and operating large scale batteries globally, and Penso Power, a London

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7.8GWh! World''s Largest Energy Storage Program Signed in

The project comprises three sites with a total installed capacity of 7.8GWh, located in the Najran, Madaya and Khamis Mushait regions of Saudi Arabia. Sungrow will deliver more than 1,500 sets of PowerTitan 2.0 liquid-cooled energy storage systems with integrated AC storage and high energy density to support the plants in a high-temperature

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Canada Invests in Nine Clean Energy Projects in Rural and

Project location: Anahim Lake, British Columbia. Funding from CERRC: $900,000. Total project cost: $2,600,000. Project summary: This project will support a reduction of diesel use to generate heat and power in an Indigenous community through the installation of a new Combined Heat and Power (CHP) system paired with a battery energy storage

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UK Infrastructure Bank marks first energy storage investment

Energy services and solutions company Centrica and British state-owned UK Infrastructure Bank are investing £265 million ($329.8 million) in energy storage in the UK,

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Energy fund invests in pumped storage hydro, wind project

Energy fund invests in pumped storage hydro, wind project. Elizabeth Ingram 10.17.2022. Share (Scotland to be site of potential third pumped storage project developed by ILI Group) Energy transition fund Foresight Energy Infrastructure Partners (FEIP) has made its first investment in pumped storage hydro technology, to help construct a combined

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Macquarie''s Green Investment Group to take

The Green Investment Group (GIG), a company owned by financial services group Macquarie, is investing an unspecified sum into esVolta, a US-headquartered developer and owner of utility-scale energy storage projects. esVolta has 600MWh+ of contracted energy storage projects in California, including the 75MW / 300MWh Hummingbird Energy Storage

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UK ROUNDUP: France''s RGREEN invests in UK, Gore

Another roundup of news in brief in energy storage, this time focused on the UK industry. RGREEN INVEST invests in 110MW of UK battery projects (MIS 3012) has been developed with input from the likes of Solar Energy UK, REA, AceOn Group, Tesla, Sonnen, Moixa and Powervault. It covers installations up to 50kW and Electrical Energy

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Greenbacker and Aypa Power acquire US battery storage projects

It marks the renewables asset manager''s first direct entry into the standalone BESS market, two months after it invested in storage-focused developer Delorean Power and two years after it bought the rights to a portfolio of behind-the-meter storage systems from Stem Inc. . The front-of-the-meter storage assets are both in New York and have a combined

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How will a new funding program help energy storage developers?

The UK government is launching a new funding program to unlock investment in long duration storage, a key part of its drive to optimize the expansion of renewable energy. Under the so-called cap and floor regime — already used for electricity interconnectors — energy storage developers will be guaranteed minimum revenues.

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The small Scottish loch holding an answer to how the UK could

Further south at Loch Lochy, energy group SSE is funding ground condition surveys at its 1.5GW Coire Glas project, drilling and blasting 1.2km tunnels into subterranean caverns near where an

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Gresham House''s BSIF invests in energy storage infrastructure

The project involves 30MW of battery storage assets spread across three sites in Nottinghamshire, Bristol and Essex. Operational and technical oversight is carried out by Gresham House New Energy and Noriker Power, it said. Gresham House said this deal is expected to form part of a more extensive Gresham House Energy Storage System portfolio.

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Ardian invests in 38.5 MW Finnish BESS project | Energy Global

It will see the development of a 1-hour 38.5 MW energy storage system. The project is due to complete in spring 2025 and is located near the Mertaniemi power plant in Lappeenranta. In addition to the energy storage system, the project includes the development of facilities to protect the batteries from extreme weather conditions.

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Ørsted enters its first UK solar project

Ørsted has entered its first solar project in the UK. One Earth Solar Farm is a proposed 740 MW solar farm with associated battery storage, that will primarily be located in Nottinghamshire near the border of Lincolnshire and is being co-developed with PS Renewables. Investing in renewable energy. Blue financing. Funding ocean biodiversity

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Is long-term energy storage a good idea?

Julian Leslie, Director & Chief Engineer National Grid ESO said: "Integrating long duration energy storage into the grid is going to be vital to delivering the UK''s long term energy strategy. Our recent Future Energy Scenarios report shows that 4GW of liquid air storage will be required over the coming decades.

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Could 20 GW of LDEs save the energy system £24 billion?

Analysis has found that deploying 20 GW of LDES could save the electricity system £24 billion between 2025 and 2050, reducing household energy bills as additional cheaper renewable energy would be available to meet demand at peak times, which would cut reliance on expensive natural gas.

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DOE Invests Nearly $7.6 Million to Develop Energy Storage Projects

The U.S. Department of Energy (DOE) selected 29 projects to receive nearly $7.6 million in federal funding for cost-shared research and development. The projects will advance energy storage technologies under the Funding Opportunity Announcement (FOA) DE-FOA-0002332, Energy Storage for Fossil Power Generation.

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UK pledges £22bn in funding for carbon capture and storage projects

The UK government has announced up to £21.7bn of support to get the country''s first carbon capture and storage projects up and running, in a big moment for the nascent industry but one which

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UK Infrastructure Bank, Centrica & Partners Invest £300M in

Highview Power kickstarts its multi-billion pound renewable energy programme to accelerate the UK''s transition to net zero in Carrington, Manchester. Highview Power has

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Volvo Group Invests in UK Secondary Battery Energy Storage

Volvo Group Invests in UK Secondary Battery Energy Storage Developer Connected Energy Jun 21, 2022. British company Connected Energy, which builds stationary energy storage systems based on retired electric vehicle batteries, has raised £15 million from five new investors, including Swedish commercial vehicle group Volvo.

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ROUNDUP: Honeywell C&I launch, Wärtsilä fire

Additionally, the company has just released a new customisable Addressable Fire Alarm system for battery storage. Iberdrola invests in thermal energy storage startup. Iberdrola has invested €3 million (US$3.26 million) in a stake in Kyoto Group, a Norway-headquartered thermal energy storage startup.

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Lakeside facility connects to grid and becomes UK''s largest

3 · National Grid plugs TagEnergy''s 100MW battery project in at its Drax substation. Following energisation, the facility in North Yorkshire is the UK''s largest transmission

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UK Infrastructure Bank, Centrica & Partners Invest £300M in

Regional Quote: Mayor of Greater Manchester Andy Burnham said: "My vision is for Greater Manchester to be a leader in the green transition – and Highview Power''s decision to build one of the world''s largest long duration energy storage facilities at Carrington is a huge boost for the region. This new plant will deliver renewable energy to homes and business across our

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UK pledges £22bn in funding for carbon capture and storage projects

The newspaper continues: "Ministers said the funding, over 25 years, would support two undersea carbon storage sites and pipelines, with the capacity to store over 8.5m tonnes of carbon dioxide per year combined, as well as carbon capture at three planned projects to produce hydrogen, power and energy-from-waste. The projects are in Teesside

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Power Sustainable Invests in EDF Renewables North America

TORONTO and SAN DIEGO (Aug. 28, 2024): Power Sustainable Energy Infrastructure Inc. (PSEI), the renewable energy infrastructure investment group of Power Sustainable (PS), and EDF Renewables North America (EDF Renewables), announced today the phase 1 closing of a strategic investment whereby PSEI acquired a 50-percent stake in the Desert Quartzite

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British Gas owner backs £300m ''liquid air'' energy project

The owner of British Gas has backed a pioneering plan to build the UK''s first commercial energy storage project to use liquid air in a £300m fundraising. Highview Power

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BW Group invests in and partners with Penso Power

Penso Power has secured full planning approval for a 100MW connection capacity battery storage development at Bramley in Hampshire, 12 miles south of Reading. The project will connect to Scottish & Southern Energy Network''s (SSEN) distribution network and the approved design allows for deployment of more than 250MWh of battery storage.

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Apple Investing in Major Energy Storage Project in California

Apple is constructing one of the largest battery projects in the country, California Flats — an industry-leading, grid-scale energy storage project capable of storing 240 megawatt-hours of energy, enough to power over 7,000 homes for one day.

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Centrica invests in renewable energy storage capabilities to boost

Centrica''s investment will be a key part of a £300 million funding package to develop the first commercial-scale Liquid Air Energy Storage plant in the UK, which will boost the UK''s energy security and accelerate the transition to net zero.

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Octopus Energy invests in UK energy storage project

Octopus Energy Group has launched its new renewables fund Octopus Energy Development Partnership (OEDP). onshore wind, and energy storage projects in the UK and the rest of Europe. There is also the potential to optimise assets through KrakenFlex, Octopus'' flexibility and trading platform, which currently manages 1300 MW of green energy

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Goldman Sachs-backed standalone energy storage startup

The project in Goleta, California, as it looks under construction. Image: Gridstor. Updated 8 June 2023: Gridstor VP of policy and strategy Jason Burwen offered some more details on the project to Energy-Storage.news.The Goleta facility is a merchant resource, but has a resource adequacy (RA) contract with utility Southern California Edison (SCE), he said.

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About British group invests in energy storage project

About British group invests in energy storage project

Energy services and solutions company Centrica and British state-owned UK Infrastructure Bank are investing £265 million ($329.8 million) in energy storage in the UK, marking the bank’s first investment into such technology.

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