storage

The firm claims it is now managing the world’s largest single fleet of smart batteries

Edinburgh start-up Gravitricity says tall buildings could be used to store energy at half the levelised cost of lithium-ion batteries

The French energy giant did not disclose the financial terms of the acquisition, which makes the storage and infrastructure specialist a 100%-owned subsidiary

The 50MW long-duration energy storage solution will be located at a decommissioned thermal power station in North of England

The Consortium for Battery Innovation suggests while electric vehicles will increase lithium batteries’ share of the market, demand for all battery technologies will continue to rise

EDF Energy will provide three streams of revenue – ancillary services, load shifting and wholesale optimisation

A new report from Global Market Insights predicts the sector will grow at a compound annual growth rate of more than 6% over the next several years

Battery developer Aceleron says its devices can be repaired, upgraded, reused and recycled, unlike most batteries which are thrown away when one component fails

The deal is thought to be among of the first of its kind signed in the UK

Market research firm Global Market Insights notes in 2018, the combined battery and solar energy market was worth more than $170 million