Since about 2020, AI has largely focused on training bigger and better models. Large language models (LLMs) ballooned from millions of parameters to trillions. This proved effective: The largest version of OpenAI’s GPT-3, released in 2020, correctly answered just 43.9…
Chinese energy storage system manufacturer Biwatt has unveiled a modular sodium-ion battery energy storage system for commercial and industrial (C&I) applications. The PowerLake I3 platform spans configurations from 43.6 kWh to 2,092.8 kWh and is offered as an indoor rack or an…
Global investment firm Schroders’ impact investment management arm BlueOrchard announced today that it has raised $250 million at the first close of the BlueOrchard Climate Action Mobilisation Fund (BOCAMF), its blended finance fund focused on backing climate mitigation and adaptation…
Romania’s Ministry of Environment, Waters and Forests (MMAP) has finalized the rules for a national battery-storage subsidy program after a public consultation that drew more than 200 submissions. The scheme, administered by the Administrația Fondului pentru Mediu (AFM), funds the…
In 2003, Martin Eberhard, a cofounder of Tesla Motors, decided it was time to start wooing investors. To do that, however, he needed an electric car. So he talked to Alan Cocconi and asked if he could borrow the tZero,…
Supply chain traceability solutions provider TrusTrace announced today the launch of a new platform aimed at enabling understand their supply chains, and identify and act on sustainability and compliance gaps. According to TrusTrace, the new platform comes as brands face…
Norwegian energy company Statkraft and UK power group SSE have completed what the companies describe as the first financial swap of its kind, based on Modo Energy’s ME BESS GB (2H) Index, a benchmark that tracks average revenue earned by…
Massachusetts Governor Maura Healey has released a comprehensive framework establishing principles and expectations for responsible data centre development in the state.
This edition of news in brief from around the world in energy storage features Engie, Econergy and Inion Software in Central and Eastern Europe.
The U.S. Environmental Protection Agency (EPA) announced on Monday the repeal of a series of Biden-era rules aimed at significantly reducing greenhouse gas (GHG) emissions from fossil fuel-based power plants, one of the main sources of the U.S.’ carbon footprint.…