News provided by. ESS Inc recently scored an industry milestone when insurer Munich R.E agreed a plan to cover its products in the field. Softbank Group’s SB Energy subsidiary is among investors that contributed to a successful US$30 million Series C funding round for ESS Inc, a US-headquartered manufacturer of iron flow batteries that use a proprietary saltwater electrolyte. Sign up here to the Energy-Storage.news Newsletter. J.B. Pritzker and Republican lawmakers call on House Speaker Mike Madigan to explain his role in a […] The issuance was going to be done by SB Energy Investments, and the report said the proceeds would have been used to refinance the existing project debt of some of the subsidiaries, fund transaction expenses, fund required reserves, and to lend the balance amounts to the company and its subsidiaries. SoftBank declined to comment when contacted by The Economic Times. Moneycontrol could not independently verify the story. BMW M 1000 RR revealed: Brand’s first-ever ‘M’ series superbike wilder than S 1000 RR! The Kamaole Solar Project will proactively reach out to and engage the community to listen for concerns and opportunities for support,” SB Energy said, adding that the proposal has received support from Maui County Mayor Michael Victorino. HECO additionally selected itself to execute a 40MW / 160MWh load-shifting battery storage plant project on the island of Maui and a much smaller, 12MW / 12MWh contingency-supporting battery energy storage system (BESS) project on Hawaii Island. Global news, analysis and opinion on energy storage innovation and technologies, BASF, itself currently launching an energy business, profiled in a mid-2018 feature article on this site, Munich R.E agreed a plan to cover its products, behind-the-meter virtual power plant (VPP) space in Japan, combined with 27MWh of battery storage in Hokkaido. Another three developers with more than a gigawatt-hour of wins in Hawaiian Electric’s (HECO’s) massive solar-plus-storage and standalone energy storage tenders have gone public with size and location details of their proposed projects. The company noted that a “comprehensive permitting strategy has been prepared” to support the project’s implementation, with the proposal now required to also meet the approval of the Maui Planning Commission and other local authorities. Additionally, earlier this year, Softbank Vision Fund, set up by the group to invest in early stage tech, after investments in the likes of Uber, Slack and WeWork, committed US$110 million of investment to Swiss start-up Energy Vault, which uses concrete blocks weighing 35 metric tons, lowered up and down a tower, storing and releasing energy. Longroad Energy said it successfully bid in the HECO tender and negotiated power purchase agreements (PPAs) with the utility for two large-scale solar-plus-storage plants. What is Dynamic Containment and what does it mean for battery energy storage in the UK? ESS has patented and makes the only ‘all-iron’ flow battery using saltwater electrolytes. Sign up here to the Energy-Storage.news Newsletter. One of those, Mahi Solar, is also on Oahu and will be 120MW(AC) of generation and 480MWh of batteries, the other, called Pulehu Solar, is a 40MW(AC) / 160MWh project on Maui. SB Energy last week said it has created a community outreach plan relating to the project, which will occupy around 320 acres of land. So you want a battery that can cycle tens of thousands of times: 20,000 cycles on the battery is not going to be an issue and we can do that with zero capacity fade,” Evans said.