UK Power Reserve has been bought by the Sembcorp energy group for £216 million in a surprise deal that will see the Singapore-based company take in over 1GW of additional capacity, including 120MW of under-development battery storage projects.
Shell has continued to scale-up its interest in distributed energy by participating in a €60 million (£52.6 million) investment round by German battery storage firm sonnen.
A national network of high speed electric vehicle chargers and large-scale batteries connected directly to the transmission network has been unveiled to offer a new business model to the country’s energy storage market.
OVO Energy has launched a suite of “revolutionary” products under its proprietary digital intelligence platform, including what has been called the world’s first widely available domestic vehicle to grid (V2G) charger.
British Petroleum (BP) is to trial battery storage systems at one of its US wind farms as part of a pilot project designed to provide “valuable insights” for a possible wider deployment initiative.
Nominations for the Solar Power Portal and Energy-Storage.News Awards 2018 are now open, and one of this year’s brand new categories is for International Storage Project of the Year.