Battery Energy Storage Solutions (BESS), a UK operator of large-scale battery storage, has announced a £50million equity investment led by Tiger Infrastructure Partners in New York.
ABB and Northvolt have signed a Memorandum of Understanding (MOU) for a wide-ranging supply and technology partnership, including products and services for Northvolt’s state-of-the-art lithium-ion battery factory and close collaboration on development of battery solutions and R&D activities.
Batteries capable of storing power at utility scale will be as widespread in 12 years as rooftop solar panels are now, revolutionising the way consumers use energy.
