The US Navy & Department of Defense recently announced storage investments totalling $100m as utilities begin relying on the military to bail them out in times of crisis
Sungrow & Clean Energy Transfer Fund agree Australian storage deal
Energy storage system supplier Sungrow has entered into a partnership with Australian energy trader Clean Energy Transfer Fund to become the key tolling partner for Hive battery developments, the first of which will span 10 sites in New South Wales, combining to deliver up to 49.9MW/200MWh of distributed energy storage.
The partnership means Sungrow's liquid cooling energy storage system will be used in Hive battery projects. Hive is a “scalable and distributed battery energy storage project that can be easily adjusted to meet diverse requirements”, a Sungrow statement said.
Rob Ashdown, co-founder and managing director of Clean Energy Transfer Fund, said: "Sungrow has stepped up and supported Hive battery developments at each development hurdle, and we look forward to building a strong partnership in the future."
Joe Zhou, country manager of Sungrow Australia, added: "Sungrow has been deeply engaged in the Australian market for a long time with innovative products and solutions, reaching an international advanced level". Zhou added that the Hive battery system would generate “optimal yields for clients”.