ARENDAL, NORWAY: Arendals Fossekompani ASA announced the acquisition of a majority stake in Commeo GmbH, a German company specializing in energy storage and energy management solutions, as part of the Ampwell growth strategy. The parties have agreed not to disclose the transaction price. “Energy storage is key in an increasingly volatile energy system where intermittent…
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Invinity Energy Systems wins LODES funding
LONDON, UK: Invinity Energy Systems plc (AIM:IES), a leading global manufacturer of utility-grade energy storage, has been awarded £708,371 of funding from the Department for Business, Energy & Industrial Strategy (BEIS) under Phase 1 of the Longer Duration Energy Storage (LODES) Demonstration competition. This award will fund a comprehensive planning and feasibility study on what…
Harmony Energy Income Trust plans GBP 230mn IPO on LSE
LONDON, UK: Harmony Energy Income Trust, an externally managed investment company that will invest in UK energy storage assets, intends to undertake an initial public offering (IPO) on the Specialist Fund Segment of the Main Market of the London Stock Exchange, by way of an initial institutional placing and offer for subscription for a target…
Gore Street acquires 57MW construction-ready energy storage project
LONDON, UK: Gore Street, London’s first listed energy storage fund, announced the acquisition of a 57MW construction-ready energy storage project, in Leicester, England. With this acquisition, the Company’s portfolio now consists of 577MW of operating or under construction projects in the UK and Ireland. As previously indicated and in-line with its existing mandate, the Company’s…
NOVONIX partners Emera Technologies to manufacture energy storage systems for community microgrids
SYDNEY: NOVONIX Limited has announced a partnership with Emera Technologies, a business unit of Canadian-listed Emera Inc., to develop and manufacture energy storage systems. The partnership will be targeting significant market opportunities throughout North America, a news release said. Novonix will be participating in the partnership through its wholly owned subsidiary, Novonix Battery Technology Solutions,…
Lithium Australia partners DLG to enter energy storage market
PERTH, AUSTRALIA: Lithium Australia NL has completed the formalities for joint battery marketing operations with the DLG Group, China-based battery and energy storage specialists. The new enterprise –an incorporated joint venture (Lithium Australia 50% and DLG 50%) trading as Soluna Australia Pty Ltd has been established to sell lithium-ion batteries (LIBs) and Soluna energy storage…
Total Quadran starts up Hélio Boulouparis 2, largest solar power plant with energy storage in overseas France
PARIS, FRANCE: Total Quadran, a wholly owned Total subsidiary involved in the production of renewable electricity in France and its overseas territories, starts up Hélio Boulouparis 2, the largest solar power plant with energy storage in overseas France. The plant is the second tranche of the solar park which is the most extensive solar program…