Everyone wants a piece of Energy Vault, the US-headquartered energy storage system provider. And very soon, many may see their wish fulfilled. Last month it was announced that the company will list on the New York Stock Exchange (NYSE).
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Investors have been piling into the storage sector in recent weeks. Storage deals gathered significant momentum in the last month as deal-making got into full swing following the holiday season slowdown.
Rooftop solar could potentially be the catalyst for a new surge in energy storage installations. Ten years ago, solar was dominated by rooftop installations. Then developers and utilities hit on the idea of building utility-scale projects, and kickstarted the booming market we see today.
NextEnergy Solar Fund (NESF) has become one of the latest players to make a bold move into the UK energy storage market. Last week it was revealed that NESF has entered into a £100m joint venture partnership (JVP) with battery storage specialist Eelpower.
Could zinc batteries usurp lithium-ion’s strong market position and become the storage technology of choice? The potential certainly exists and Enzinc CEO Michael Burz is on a mission to make it happen.
Technology company ABB, which reported revenues of $26.1 billion in 2020, has focussed its energy storage investment strategy on research and development as it seeks to capitalise on a rapidly expanding global storage market that will be valued at almost $20 billion by 2027.
With $12bn of assets and a 4.5GW portfolio of solar and battery projects, Arevon Energy is well-placed to make a major impact in energy storage.
It is four weeks since a Tesla Megapack caught fire during testing at one of the world’s largest battery storage projects. On 30th July, a 13-tonne lithium-ion battery at Neoen’s 300MW Victorian Big Battery complex in southeast Australia – which has not yet been switched on – erupted into a four-day blaze.