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Energy Vault to provide 1.6 GWh of gravity energy storage to support DG Fuels SAF projects

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Energy Vault, a company developing grid-scale gravity energy storage solutions, has entered into an energy storage system agreement with DG Fuels, a developer of renewable hydrogen and biogenic-based, synthetic sustainable aviation fuel (SAF) and diesel fuel. barrel per ton of feedstock.

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Rimac Technology enters stationary energy storage systems market with launch of Rimac Energy

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Rimac Technology is entering the stationary Energy Storage Systems (ESS) market with the launch of Rimac Energy. Rimac Energy will produce its pilot systems for selected customers this year with commissioning in 2024. All products are fully designed, developed, and produced in Europe.

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BNEF projects impact of COVID-19 on renewables, energy storage, EVs, etc.

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BloombergNEF has issued a research note highlighting some of the likely effects of the coronavirus COVID-19 outbreak over the next year on the transition to a clean economy: including renewable power, energy storage, electric vehicles, heating, cooling and the circular economy.

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Hydro-Québec launches EVLO subsidiary specializing in energy storage systems

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Hydro-Québec has launched EVLO Energy Storage Inc. EVLO ), a subsidiary that designs, sells, and operates safe, efficient and sustainable energy storage systems. EVLO systems also include power control and energy management software. Energy storage will play a crucial role in the energy transition.

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Qatar invests $125M in energy storage company Fluence

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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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Ulstein introduces second hydrogen vessel design: J102 hydrogen hybrid wind turbine installation vessel

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The ULSTEIN J102 zero emission wind turbine installation vessel (WTIV), can operate 75% of the time in zero emission mode. The downside however of a high-power battery energy storage system (BESS) is the heavy weight and cost. —Ko Stroo, Product Manager at Ulstein. Battery energy storage.

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Maxwell Technologies sells HV product line to Renaissance to focus on energy storage for EVs

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a leading developer and manufacturer of energy storage and power delivery technology, has simultaneously signed and closed a definitive agreement to sell its High Voltage (HV) product line to Renaissance Investment Foundation. Maxwell Technologies, Inc., million for Maxwell—approximately 21% of the total revenue reported.