NEWS COMMENTARY

Highview Power receives $46 million investment from Sumitomo Heavy Industries, raising company valuation to $330 million

Published:
March 02, 2020
Coverage:
Owning the Energy Transition More...
Topics:
Activities:
Investment
Low importance

The investment will support Highview Power as it seeks to commercialize its liquefied air energy storage system globally. Sumitomo has demonstrated a strong interest in long-duration energy storage, though its bet on cryogenic energy storage is misguided. Non-electrochemical long-duration stationary storage faces many issues that can't be fixed with big investments. It has much lower efficiency compared to batteries, and the technology is more difficult to control, making it less able to participate in value stacking. Clients interested in opportunities to get involved with stationary storage should ignore companies like Highview Power and be mindful that the value proposition of energy storage is contingent on renewables penetration.

For the original news article, click here .


Further Reading

Investment Trends: Grid-Scale Energy Storage

Analyst Insight | March 09, 2020

Renewable deployments have reached the point where balancing the electric grid requires shifting the supply of intermittent energy sources and shifting demand on the scale of hundreds of MW to GW. In turn, falling costs and new markets unlocked by application stacking are improving project economics... Not part of subscription

Vanadium flow batteries in 2020: Where are they now?

Case Study | August 10, 2020

China is home to the largest flow battery projects in the world. Back in 2016, the Chinese flow battery developer Rongke Power announced it would build a record‑shattering 200 MW/800 MWh flow battery on the Dalian Peninsula, with construction breaking ground in 2018. Similarly, VRB Energy was ... Not part of subscription

Can long-duration energy storage survive a SPAC?

Case Study | April 02, 2021

Eos Energy is one of the few long‑duration energy storage developers directly going after Li‑ion stationary storage, claiming lower costs and higher safety. Li‑ion batteries regularly hold 98% to 99% market share in regions utilizing stationary storage. Opportunities for long‑duration energy storage... Not part of subscription