The reuse of electric vehicle (EV) batteries in stationary storage systems offers great possibilities, but there is still a lack of confidence from investors in the ‘second life’ battery concept, the CEO of Connected Energy has said.
Gore Street Energy Storage Fund has raised £23.7 million through a new share placing.
Gresham House Energy Storage Fund is aiming to raise £15 million to fund the acquisition of further additional battery storage projects.
A 120kWh zinc-bromine flow battery storage system from Redflow has now been fully commissioned and is operating at Swansea University.
UK energy storage start-up Gravitricity is to build a 250kW demonstrator project in Scotland.
RedT’s merger with US storage firm Avalon continues to progress, with the transaction set to be completed around the end of March 2020.
Gresham House Energy Storage Fund has completed its acquisition of the 49MW Red Scar battery.
Varta Storage is poised to enter the UK and Ireland residential battery markets through a new exclusive deal with Waxman Energy, with global head Gordon Clements telling SPP the UK is “the next market that will start to open up” for the technology.