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25 February 2021: Total picks AI-driven energy platform company AutoGrid for 25MW French project The delivery of grid-balancing services from Total’s recently-commissioned 25MW / 25MWh battery storage project in Dunkirk, northern France will be managed by AutoGrid’s Flex virtual power plant (VPP) platform. Currently France’s biggest electrochemical energy storage plant although it looks set to be overtaken for that crown soon energy major Total was contracted by grid operator RTE to deliver the battery energy storage system (BESS) and it was announced as in operation earlier this year. The BESS comprises 11x 2.3MWh lithium-ion container solutions made by Total subsidiary Saft. ....
LONDON TRADING UPDATES: Motif Bio Says Orange Avenue Buys Subsidiary Fri, 26th Feb 2021 20:20 (Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Motif Bio PLC - AIM-listed cash shell - Enters into a stock purchase agreement with Orange Avenue Technologies LLC, to which Orange has acquired 100% of the outstanding shares of Motif Inc from Motif with immediate effect. Orange is wholly owned by John Palmer, president of Tamarack Associates Inc - the company which was engaged by Motif to facilitate the sale of iclaprim and other assets of Motif Inc in January 2020. Motif remains suspended from trading while the proposed transaction is being negotiated and advanced. The transaction is an important step to prepare Motif to complete the reverse takeover. It also creates incentives for Orange to focus on the potential generation of value from iclaprim for Motif s shareholders, whil ....
Published: 25 Feb 2021, 06:22 By: Andy Colthorpe Lithium battery and materials inspection equipment made by Germany-headquartered company ZEISS. The White House statement said that the US needs to better leverage our sizeable lithium reserves . Image: Andy Colthorpe / Solar Media. With the US having rejoined the Paris Accord on the climate crisis last week, President Joe Biden has now signed an Executive Order which identifies the importance of mitigating risks in the supply chain for “large capacity batteries”. The Executive Order on ’Securing America’s critical supply chains’ was signed yesterday (24 February 2021). The White House issued a statement which spelled out that in recent years, there have been shortages of essential products in the country, “from medicine to food to computer chips”. ....
By: Andy Colthorpe Joe Biden took over as President of the US a month ago and last week he and his team brought the country back into the Paris Agreement on Climate Change. Before he took up his post, Energy-Storage.news had asked national Energy Storage Association CEO Kelly Speakes-Backman what the energy storage industry in the US and the world could expect from the new president. Shortly after that interview, Kelly Speakes-Backman herself was recruited into the Biden-Harris Administration, joining the Department of Energy as Principal Deputy Assistant Secretary for Energy Efficiency and Renewable Energy. Meanwhile, the energy sector is back in US media and political discussion in a big way after the Winter Storm crisis that unfolded in Texas. We’ll be talking about what happened in Texas with some industry folk over the next few days too, but for now, what does the energy storage industry make of Biden’s commitment to ‘Build Back Better’ and to re ....
Published: 25 Feb 2021, 15:03 By: Edith Hancock An artist s impression of the VBB storage project set to come online in Victoria later this year. Image: Neoen Australia’s Clean Energy Finance Corporation (CEFC) has invested AU$160 million (US$127.6 million) in a 300MW battery storage project near Geelong, Victoria. Acting on behalf of the Australian government, CEFC will fund the construction, design and operation of the Neoen 300MW / 450MWh Victorian Big Battery (VBB), set to be among the largest energy storage facilities in the world, through a senior debt facility. The project will also be funded by Neoen equity. The VBB joins a growing number of battery energy storage projects that have secured debt financing on their construction in recent months. US utility-scale developer Key Capture Energy secured US$93.3 million debt financing for a portfolio of six projects in Texas at the start of February, while independent power producer sPower ....