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Published: 20 May 2021, 07:36 By: Andy Colthorpe Battery storage installed for one of Stem Inc's commercial and industrial (C&I) customers. Image: Stem Inc. Stem Inc claimed to be on track to achieve its 2021 full year revenue guidance of US$147 million, after reporting a year-over-year increase in revenues of 245% for the first quarter ending 31 March. The “artificial intelligence-driven clean energy storage services” provider mostly delivers energy storage hardware and software that businesses can use to lower their electricity costs, while Stem Inc can also leverage those...

Published: 20 May 2021, 08:31 By: Image: Tucson Electric Power. 20 May 2021: Mobile energy storage and 'power-as-a-service' startup Moxion looks to replace generators in construction industry Investors including Energy Impact Partners contributed to a US$10 million Series A funding round closed by Moxion Power, a US manufacturer of mobile energy storage systems. Aimed at industries such as construction which rely on portable, outdoor power systems, Moxion believes its equipment, which customers will be able to rent, will help replace fossil fuel generators. Generators using dies...

Published: 20 May 2021, 13:39 By: Image: Genex Power. Australian renewable energy developer Genex Power has achieved financial close on what looks likely to be the country’s first new pumped hydro energy storage (PHES) plant in nearly 40 years. This morning ARENA said in a release that financial close has now been reached for the AU$777 million project to be able to go ahead. The cost includes transmission infrastructure to take power away to the northeast coast of Australia some 190km away, where its stored energy can be used in the National Electricity Market (NEM). The 250M...

Published: 19 May 2021, 07:32 By: Andy Colthorpe The system, which enables passive ventilation of gases, is being installed at Arlington Microgrid and Clean Energy Center in Everett, Washington. Image: PNNL. New technology which can help prevent flammable gas build-up in lithium-ion battery storage systems is being made available for “low-cost, non-exclusive licensing” by the US Department of Energy’s Pacific Northwest National Laboratory (PNNL). PNNL scientists have developed IntelliVent, a deflagration prevention system that can automatically open doors on energy storage ...