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Qatar invests $125M in energy storage company Fluence

Green Car Congress

Fluence, the global energy storage solutions joint venture between Siemens and AES, announced that it has entered into a definitive agreement with the Qatar Investment Authority (QIA) pursuant to which QIA will commit to invest $125 million in Fluence through a private placement transaction.

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CATL and HGP establish partnership to facilitate up to 5 GWh of battery energy storage systems; 450 MWh in Texas to start

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Limited (CATL), a global leader of new energy innovative technologies, and HGP Storage, LLC (HGP), a company specializing in the development of advanced battery energy storage systems (BESS), announced an agreement on the supply of more than 450 MWh of BESS. Contemporary Amperex Technology Co.,

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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Renewable energy investment slightly declined in 2018, with modest growth through 2019.

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Old EV batteries are being reused as energy storage devices in CA

Teslarati

A response to these concerns is currently being demonstrated in California by B2U Storage Solutions Inc, a Los Angeles-based startup that’s using second-hand EV batteries as energy storage systems that can support the grid. GWh of energy storage in 2022 , the highest it has accomplished to date.

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US DOE releases Grid Energy Storage report

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The US Department of Energy (DOE) released its Grid Energy Storage report to the members of the Senate Energy and Natural Resources Committee. of total electric production capacity) of grid storage, 95% of which is pumped storage hydro. Europe and Japan have notably higher fractions of grid storage.

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Pity The Poor Climate-Aware Billionaire Oligarchs

CleanTechnica EVs

continued] The post Pity The Poor Climate-Aware Billionaire Oligarchs appeared first on CleanTechnica. As we celebrate the passing of another year with the rituals of our religions, our families and our cultures, spare.

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Tesla Gigafactory Texas Megapack energy storage project gains approval

Teslarati

Tesla’s Megapack will power one of the company’s biggest production plants as the automaker and energy company has landed approval for a massive battery energy storage system (BESS) project at Gigafactory Texas, filings show. acres in size. Texas gets incredibly hot during the Summer but also has harsh winters.