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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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Williams F1 and Kinetic Traction Systems partner to advance composite flywheel energy storage technology for rail and grid applications

Green Car Congress

KTSi) have signed a long-term cooperation Agreement to advance and promote innovative, clean flywheel-based energy storage and recycling systems for mass transit rail and grid applications. Williams Grand Prix Engineering Limited (Williams F1) and Kinetic Traction Systems, Inc. —Alex Burns, CEO of Williams F1.

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3 Oil Majors That Bet Big On Renewables

Green Car Congress

For instance, Total has lined up an 800 megawatt (MW) solar project in Qatar where it will own a 49% stake in the project when it is completed in 2021. Further, natural gas can be used to keep the power grid stable as solar and wind power fluctuate.

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ABB charges into the future with Formula E

Charged EVs

“Formula E is a very unique application, because not only are we taking this equipment and shipping it all around the world, but we’re also connecting it to so many different power sources and different grids,” said Medeiros. Typically, with electrical equipment, you install it and then you just leave it there for 10, 15-plus years.