Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTJune 23 (Renewables Now) - South African renewable energy trader Earth & Wire (Pty) Ltd has placed a battery supply order with Ambri Inc in connection with a 300-MW/1,200-MWh energy storage project at a hybrid wind-and-solar power site in the Eastern Cape.
Massachusetts-based Ambri said in a statement today that this is not only the company’s largest commercial deployment to date but also the largest battery energy storage system to be installed in South Africa.
The batteries should allow Earth & Wire to assist in managing fluctuations in supply and demand, the supplier said. It expects to start shipments in 2024 and complete installation in 2026.
"As South Africa works to address its current energy challenges, this partnership – and our technology more broadly – will help Earth & Wire and other renewable energy providers solve long-standing operational challenges and stabilize their nation's energy grids," commented Adam Briggs, Chief Commercial Officer at Ambri.
Weekly renewables M&A round-up (Jun 27-Jul 1)
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