July 14th, 2017
This week’s TOP 5 includes the formation of Fluence, the AES / Siemens joint-venture dedicated to energy storage, the award of a contract for a 100 MW / 129 MWh storage project in South Australia to Neoen and Tesla, a successful round of funding for Advanced Microgrid Solutions, the completion of a 2 MW storage system in California and a partnership between Enel and Amber Kinetics.
- AES and Siemens are forming a joint venture named Fluence to serve the energy storage market. Siemens’ storage activities and AES Energy Storage will merge into the new company.
- Tesla and French developer Neoen will build the world largest Li-ion battery in South Australia. According to Elon Musk’s promise, the 100 MW / 129 MWh system will be built in 100 days.
- Advanced Microgrid Solutions has raised a $34 million Series B round from some key utilities and corporate investors, among which Macquarie capital, GE Ventures and AGL.
- Glendale Water & Power installed a new 2 MW battery energy storage system next to the newly upgraded Grandview Substation. Batteries were provided by Saft.
- Enel will test Amber Kinetics flywheels in California. If the first phase goes well, Enel could purchase a 40 kW / 160 kWh system to Amber and install it at one of its thermal plants.