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SwRI forms joint industry program to investigate safety, longevity of grid-connected energy storage systems

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Southwest Research Institute (SwRI) has launched a new Joint Industry Program (JIP) to investigate energy storage systems for the grid. Over the course of its life, a grid-connected battery must respond slowly or suddenly, depending on the grid demands. One of the central questions is how long it takes for a battery to degrade.

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JERA and Toyota deploy first large capacity Sweep Energy Storage System with second-life batteries

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JERA, the largest power generation company in Japan, responsible for about 30% of Japan’s electricity, and Toyota Motor have built and deployed the first large-capacity “Sweep Energy Storage System”. The sweep function, developed by Toyota Central R&D Labs, Inc.,

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Volvo partnership will recycle EV batteries into energy storage

Teslarati

One such company includes Volvo, which has announced a partnership to recycle old EV batteries into new energy storage systems. Volvo is partnering with battery recycler Connected Energy to give EV batteries a second life as battery energy storage systems (BESS), as detailed in a press release on Wednesday.

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ENGIE New Ventures increases investment in 2nd-life battery company Connected Energy

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ENGIE New Ventures, the corporate venture fund of ENGIE, is participating in a new round of investment to further the development of Connected Energy. Based in the United Kingdom, Connected Energy uses end-of-life EV batteries to create energy storage systems. —Matthew Lumsden, CEO of Connected Energy.

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California roadmap for grid-connected energy storage technology

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The California Independent System Operator (ISO), the California Public Utilities Commission (CPUC) and the California Energy Commission (CEC) unveiled a comprehensive roadmap to assess the current market environment and regulatory policies for connecting new energy storage technology to the state’s power grid.

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GlobalData: Global battery energy storage market to grow by 7% to reach $13.13B by 2023

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The global battery energy storage market will to grow to $13.13 Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023. The US market for battery energy storage is estimated to reach $2.96bn in 2023, accounting for 23% of the global market.

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V2X company Fermata Energy raises $40M in recent round

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Fermata Energy, a vehicle-to-everything (V2X) technology services provider, recently raised $40 million to accelerate the company’s growth with investment from new partners, including funds managed by global investment firm Carlyle and Verizon Ventures.

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