Storage value increases as variable renewable energy supplies an increasing share of electricity, but storage cost declines are needed to realize full potential. In the transition to a decarbonized electric power system, variable renewable energy (VRE) resources such as wind and solar photovoltaics play a vital role due to their availability, scalability, and affordability. However, […]
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ABB has completed its acquisition of a majority stake in Chargedot Shanghai New Energy Technology Co., Ltd. (“Chargedot”). The transaction was announced on October 28, 2019. Since its establishment in 2009, Shanghai-based Chargedot has made a significant contribution to the uptake of electric vehicles in China. The company supplies AC and DC charging stations, as […]