Batteries

Mitsubishi Power Announces Prevalon, Standalone Company Dedicated to Fast-Growing Battery Energy Storage Market

Retrieved on: 
Thursday, February 22, 2024

Mitsubishi Power Americas (Mitsubishi Power) is transforming and rebranding its battery energy storage solutions (BESS) business into a standalone and legally separated company, PrevalonTM (pronounced preh-vuh-lon).

Key Points: 
  • Mitsubishi Power Americas (Mitsubishi Power) is transforming and rebranding its battery energy storage solutions (BESS) business into a standalone and legally separated company, PrevalonTM (pronounced preh-vuh-lon).
  • Prevalon brings significant experience from the BESS business at Mitsubishi Power – over 30 projects, and three gigawatt hours (GWh) of utility-scale battery energy storage systems (BESS) deployed globally.
  • “As the speed of the energy transition increases, it is imperative that advanced technology solutions such as battery energy storage keep pace,” said Bill Newsom, President and CEO, Mitsubishi Power Americas.
  • “With the establishment of Prevalon, we are confident its dedicated focus on battery energy storage solutions and services will unlock more value in this business to keep pace with this hyper-growth battery energy storage market.

At APEC 2024, Alpha and Omega Semiconductor to Display and Demo its Industry-Leading Power Management Solutions

Retrieved on: 
Thursday, February 22, 2024

Alpha and Omega Semiconductor Limited (AOS) (Nasdaq: AOSL), a designer, developer, and global supplier of a broad range of discrete power devices, wide band gap power devices, power management ICs, and modules will showcase its complete line of advanced power management solutions at the Applied Power Electronics Conference (APEC).

Key Points: 
  • Alpha and Omega Semiconductor Limited (AOS) (Nasdaq: AOSL), a designer, developer, and global supplier of a broad range of discrete power devices, wide band gap power devices, power management ICs, and modules will showcase its complete line of advanced power management solutions at the Applied Power Electronics Conference (APEC).
  • The new products are designed to meet key power management challenges in several key application areas and markets AOS focuses on.
  • When paired with AOS’ industry-leading power stages, AOS controllers offer a complete Vcore solution to power next-generation chipset-based SoCs.
  • Motor Drives: AOS introduces a new range of 60V and 100V drivers for power tools, outdoor garden equipment, and e-mobility applications.

South 8 Demonstrates Lithium Nickel Manganese Oxide (LNMO) Battery Electrolyte

Retrieved on: 
Wednesday, February 21, 2024

South 8 Technologies (“South 8”), the developer of LiGas®, liquefied gas electrolyte for advanced lithium-ion batteries, has demonstrated high performance on cobalt-free, low nickel, and high-energy battery cells designed for next generation electric vehicles (EV).

Key Points: 
  • South 8 Technologies (“South 8”), the developer of LiGas®, liquefied gas electrolyte for advanced lithium-ion batteries, has demonstrated high performance on cobalt-free, low nickel, and high-energy battery cells designed for next generation electric vehicles (EV).
  • One program outcome is to grow EV market share by developing next-generation battery technologies that significantly improve electric vehicle affordability, convenience, reliability, and safety.
  • In the first six months of the three-year effort, South 8 demonstrated world-class performance on 18650 lithium-ion batteries.
  • “LNMO is a future cathode material, promising the safety of LFP (lithium iron phosphate) and energy of NMC (nickel manganese cobalt),” said Cyrus Rustomji, Chief Science Officer of South 8.

Hawaiian Electric Company Announces Ameresco Award to Develop the 'Ūkiu Energy 40MW Renewable Energy Site

Retrieved on: 
Wednesday, February 21, 2024

Ameresco, Inc. , (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced its award from Hawaiian Electric Company for the proposed 'Ūkiu Energy 40-megawatt (MW) renewable energy site in Maui.

Key Points: 
  • Ameresco, Inc. , (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced its award from Hawaiian Electric Company for the proposed 'Ūkiu Energy 40-megawatt (MW) renewable energy site in Maui.
  • It will offer firm renewable energy and provide a highly flexible capacity resource.
  • This facility will also maintain power quality, enhance grid reliability, and allow for the additional integration of intermittent renewable resources.
  • In support of the 'Ūkiu Energy facility, Ameresco is steadfast in its commitment to identifying meaningful ways to benefit the local community.

Lumin Announces Pre-Release of Lumin Edge for Utilities, a Revolutionary New Grid Services Platform

Retrieved on: 
Wednesday, February 21, 2024

Lumin , the pioneer of responsive energy management solutions, today announced the pre-release of its newest residential load control platform, Lumin Edge.

Key Points: 
  • Lumin , the pioneer of responsive energy management solutions, today announced the pre-release of its newest residential load control platform, Lumin Edge.
  • The Lumin Edge pre-release program focuses on grid services such as high-resolution, behind-the-meter analytics, and advanced demand-side management tools.
  • The company plans to release Lumin Edge to the broader public in the second half of 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240221146064/en/
    The utility-targeted Lumin Edge pre-release focuses on delivering behind-the-meter analytics and superior load management tools.

Powin and Pulse Clean Energy Partner on a 50 MW / 110 MWh UK Battery Energy Storage System

Retrieved on: 
Wednesday, February 21, 2024

Global energy storage platform provider Powin LLC ( Powin ) announces an agreement with Pulse Clean Energy ( Pulse ), an investor, developer and operator of flexibility and stability assets in the UK.

Key Points: 
  • Global energy storage platform provider Powin LLC ( Powin ) announces an agreement with Pulse Clean Energy ( Pulse ), an investor, developer and operator of flexibility and stability assets in the UK.
  • The agreement is to deploy a 50 MW/110 MWh Battery Energy Storage System (BESS) on project Overhill, located in Scotland, UK.
  • View the full release here: https://www.businesswire.com/news/home/20240221120791/en/
    Powin President Anthony Carroll and Pulse Clean Energy CEO Trevor Willis shake hands after signing the partnership agreement.
  • By 2030, the UK will require nearly 40GWh of BESS to help integrate renewable energy, enhancing the stability and security of the UK electricity system.

Strata Clean Energy Secures $559 Million Financing for 1GWh Battery Energy Storage Project in Arizona

Retrieved on: 
Wednesday, February 21, 2024

Strata Clean Energy (Strata), a leading developer, owner, and operator of renewable energy projects, has closed on a $559 million financing for the construction and ownership of the Scatter Wash battery storage complex.

Key Points: 
  • Strata Clean Energy (Strata), a leading developer, owner, and operator of renewable energy projects, has closed on a $559 million financing for the construction and ownership of the Scatter Wash battery storage complex.
  • A consortium of leading financial institutions collaborated to secure the necessary funding for this project.
  • "The successful financing for the Scatter Wash battery storage complex marks a significant step forward in our mission to drive the transition to clean energy,” said Markus Wilhelm, Chief Executive Officer of Strata Clean Energy.
  • In May 2023, Strata forged a 20-year tolling agreement with Arizona Public Service, cementing its commitment to this groundbreaking initiative.

Alpha and Omega Semiconductor Launches 3-Phase Driver IC, Increasing Battery Life of Cordless Power Tools and E-Mobility

Retrieved on: 
Tuesday, February 20, 2024

Available in a compact, 4mm x 4mm QFN-28L package, the highly integrated AOZ32063MQV is a 3-phase driver IC that offers superior driving ability, programmable deadtime, and sleep mode support.

Key Points: 
  • Available in a compact, 4mm x 4mm QFN-28L package, the highly integrated AOZ32063MQV is a 3-phase driver IC that offers superior driving ability, programmable deadtime, and sleep mode support.
  • These capabilities deliver high motor operation efficiency and low standby power consumption that can help greatly increase the battery life of cordless power tools and e-mobility applications.
  • The AOZ32063MQV is also an optimal driver IC solution for 3-phase Brushless DC (BLDC) motor drives.
  • AOS products are offered in packages with Pb-free plating and are compliant with RoHS standards.

Sunnova Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 21, 2024

Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), a leading adaptive energy services company, today announced financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), a leading adaptive energy services company, today announced financial results for the fourth quarter and full year ended December 31, 2023.
  • Revenue increased to $720.7 million, or by $163.0 million, for the year ended December 31, 2023 compared to the year ended December 31, 2022.
  • As of December 31, 2023, Sunnova had total cash of $494.4 million, including restricted and unrestricted cash.
  • Sunnova is hosting a conference call for analysts and investors to discuss its fourth quarter and full year 2023 results at 8:00 a.m. Eastern Time, on February 22, 2024.

Allison Ventures Announces Strategic Investment in Niron Magnetics

Retrieved on: 
Tuesday, February 20, 2024

Allison Ventures, Allison Transmission’s venture capital arm, is pleased to announce its strategic investment in Niron Magnetics, a pioneering company in the field of sustainable non-rare earth permanent magnets.

Key Points: 
  • Allison Ventures, Allison Transmission’s venture capital arm, is pleased to announce its strategic investment in Niron Magnetics, a pioneering company in the field of sustainable non-rare earth permanent magnets.
  • (Photo: Business Wire)
    "Niron Magnetics is excited to have Allison Ventures as a strategic partner," said Jonathan Rowntree, Chief Executive Officer, Niron Magnetics.
  • The strategic partnership between Allison Ventures and Niron Magnetics addresses the growing demand for sustainable and environmentally friendly solutions in commercial-duty mobility.
  • Allison Ventures intends to back the commercialization and expansion of Niron's non-rare earth magnet technology, alongside other prominent leaders in the automotive industry, by participating in Niron Magnetics' funding round announced today.