This week’s TOP 5 includes the acquisition of ABB’s power grid business by Hitachi, a 12 MW battery storage system installed at a car factory in Mexico, a 20 MW battery storage project at a hydropower plant in the Philippines, a spin-off of Alphabet X raising 26 M$ in funding to develop a novel thermal energy storage solution, and New York raising its energy storage procurement target to 3000 MW by 2030.
- “Power electronics giant Hitachi has acquired ABB’s power grids business in an US$11 billion deal which cements its position in the energy solutions sector.”
- A 12-megawatt/12-megawatt-hour battery was installed in Mexico to deliver reliability and power quality at a 130-megawatt microgrid serving an automotive factory campus in Monterrey.
- SN AboitizPower (SNAP) is developing a 20 MW battery storage projects at one of its hydro power plants in the Philippines. The system will be used to boost the ancillary services provision capabilities of the hydro facility.
- Alphabet X’s division working on thermal storage is now its own company, called Malta, and has raised 26 M$ to build a demonstration project.
- The New York Public Service Commission set a goal of 3000 MW of energy storage deployments by 2030 (with an interim goal of 1500 MW by 2025).