energy storage

Gresham House New Energy has signed a contract with KiWi Power for the optimisation of its 15MW Lockleaze battery in Bristol.

Gresham House has raised £41.6 million through a new share placing to fund both its existing pipeline and a new pipeline of operational and new build assets, falling short of the £58 million it originally targeted.

A £55 million fund has been earmarked for five projects looking at developing the next generation of battery storage technology.

RedT has confirmed it has agreed outline terms for a reverse takeover of fellow vanadium redox flow battery firm Avalon, a move which the firm said would create a “leading player” in the energy storage market.

Reductions in costs of solar technology, as well as co-location with increasingly cheaper storage, is set to boost solar growth in the later part of the next decade, said National Grid ESO.

Concerns over the future of energy storage firm redT remain after it admitted that, without additional investment, the vanadium flow machine manufacturer could be forced to cease trading by the end of November.

Merlin Hyman, chief executive of Regen, has been recognised on the Queen’s birthday honours list for his services to the industry.

Eco2Solar has partnered heat battery firm Sunamp to deliver a solar PV-powered domestic heating pilot.

A new research network is being formed to create solutions for ‘urgent’ challenges in energy storage.

Eelpower has continued its purchasing relationship with Anesco, acquiring the recently-completed 20MW Rock Farm battery from the developer – it’s second since November 2017.