TEPCO reaffirms renewables commitment, vows to expand globally
The head of Tokyo Electric Power (TEPCO) has said that the Japanese company remains committed to renewables development, and has vowed to expand the regional utility’s business beyond its home market in the coming years.
EU Battery Alliance wants 20 EU giga factories, Saft announces partnership with Siemens, Manz and Solvay
The EU Battery Alliance is calling on industry to take advantage of the expected 2025 €250 billion battery market by establishing between 10 and 20 European giga battery factories. Saft, meanwhile, has announced an alliance with Siemens, Manz and Solvay to work on advanced lithium ion and solid-state battery technology.
UNDP launches tender for hydro-solar hybrid mini grid in Afghanistan
The project is part of the country’s Afghanistan Sustainable Energy for Rural Development (ASERD) program, which aims to bring sustainable power to 200 rural communities over the next four years.
Storage Highlights countdown #5: Electrochaea’s scalable methanation plant
As Energy Storage Europe approaches, pv magazine counts down the five highest-ranked energy storage highlights, selected by our independent jury, that visitors to the exhibition can lay their eyes on. In fifth-place was Electrochaea’s scalable methanation plant: A rather quirky hydrogen-to-methane storage innovation that won plaudits for delivering large-scale power-to-gas capability.
Solar to lead global renewables growth for next five years — KPMG
Investors throughout the world made 406 investments in large-scale renewables in 2017, collectively valued at roughly €40.1 billion (US$49.5 billion), but solar is set to grow more in terms of capacity than any other clean-energy technology over the next half decade, according to a new report. Battery storage will play a crucial role in this, it found.
Global storage growth of 4.6% in 2017 reflects patchy state of sector, finds BNEF
Despite hitting a record 1.17 GW of new grid-scale storage capacity in 2017, growth was a mere 4.6% on 2016 having surged 61% the year prior. Industry’s reliance on policy support means foundations for growth remain uneven, report finds. Average costs, however, fell by 24% last year.
Northvolt battery project approved for EIB loan that could reach €52.5m
The Swedish storage developer will receive the loan funds via the European Commission’s InnovFin fund, which is part of the Energy Demo Projects facility.
Waiting for the World Bank’s Scaling Solar and Storage program
Expectation is rising that the World Bank’s Scaling Solar program will soon expand to include energy storage. A presentation by global law firm, Eversheds Sutherland this week in London added further weight to this.
BBOXX and Bamboo create finance platform BEAM for off-grid sector
Bamboo and BBOXX launch pioneering platform aimed at providing developmental infrastructure for off-grid energy services.
Swedish government backs Northvolt battery plant to tune of €15m
The Swedish Energy Agency has granted SEK 146 million to support Northvolt Labs’ large-scale battery manufacturing plant in Västerås, Sweden. Project already secured financial backing from ABB, Vestas and Scania.
