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Image: Uplight. Uplight, a US energy software company that helps electric utilities reduce their baseload energy use by monitoring and adapting how their networks operate based on consumer behaviour, has reached a valuation of US$1.5 billion following investment from groups including Schneider Electric. Uplight was formed through the 2019 merger of group of separate start-ups including Simple Energy and Tendril, and already has contracts with 80 different utilities serving more than 100 million customers. When the two companies merged, power project and infrastructure company AES Corporation took a strategic stake in Uplight and this week AES said that following the latest deal, its stake in the company is now worth around US$450 million. ....
Published: 5 Mar 2021, 13:45 By: Andy Colthorpe Another solar-plus-storage project on a former municipal landfill site in Massachusets, executed by Kearsage with NEC. Image: Kearsage. Stem Inc has completed a front-of-the-meter solar-plus-storage project in Massachusetts that will participate in New England’s wholesale markets run by system operator New England ISO. The company is better known for deploying behind-the-meter battery storage for commercial and industrial (C&I) customers, using Stem’s proprietary artificial intelligence (AI) platforms and software to coordinate peak shaving to help customers save money on electricity costs while also aggregating the batteries to use in revenue-generating opportunities such as grid services markets. ....
Image: ScottishPower. There are numerous benefits from collocating battery energy storage with wind power, including grid availability and planning ease. Speaking at Solar Media’s Energy Storage Summit 2021, Tony Gannon, head of project management at ScottishPower Renewables explained how the company had chosen to take advantage of a number of these efficiencies for its 539MW Whitelee Wind Farm. Whitelee is a 50MW/50MWh storage project, which is collocating liquid cooled lithium-ion batteries with the UK’s largest onshore windfarm near Glasgow, Scotland. Plans for the battery were approved by the Scottish government in June 2019, and inverter maker Ingeteam was announced as the power electronics technology provider in July 2020, while the batteries used are lithium iron phosphate (LFP) chemistry cells from Chinese manufacturer CATL. ....
Published: 4 Mar 2021, 11:23 By: Deputy Editor Pivot Power s Kemsley battery storage site was one of 17 successful assets to clear in the T-1 Capacity Market auction. Image: EDF/Pivot Power. The Capacity Market T-1 auction cleared at a record high price in the UK this week, with 17 batteries winning spots. This was a sizeable jump from last year, when just two assets managed to secure spots, as the role of renewables and storage continues to grow in the country. A total kDe-Rated Capacity of 2252.116MW was procured by National Grid ESO, just shy of the target announced by the Department of Business Energy and Industrial Strategy of 2.4GW. This was significantly higher than the initial target set by the government department of 0.4GW in July 2020, in an effort to manage a “range of non-delivery uncertainties”. ....