July 28th, 2017
This week’s TOP 5 includes the acquisition of Aquion by Juline-Titans LLC, the UK government facilitating the life of energy storage developers and making £246 million available to develop the local battery manufacturing capabilities, the acquisition of a 10 MW project by the Foresight Group in the UK and the creation of an energy storage cluster in the French region of Nouvelle Aquitaine.
Foreword: The July issue of the Update From The Field is out with our analysis on the Australian market and the recent movements in the system integrator space. Click here to see the Table of Content and contact us if you are interested by the report.
- “Juline-Titans LLC acquired the bankrupt Aquion at auction for $9.16 million on June 20.”
- “The British government Department for Business, Energy and Industrial Strategy (BEIS) and energy regulator Ofgem have released plans for a major upgrade of the UK’s energy system.” Among other things, a status for storage will be created and double charging will be ended.
- The UK government is unlocking £246 million to make the UK “a leader in battery design and manufacturing”.
- “British infrastructure investment company Foresight Group has made its second acquisition of a UK battery storage project, taking on the 10MW Nevendon battery from Gridserve and Aura Power.”
- The French region of Nouvelle Aquitaine created an ”energy storage cluster” aiming to give structure to the energy storage industry in the region. (in French)