Boost For Residential Power Storage.

Sunverge Energy, the developer of energy storage systems, has received a $USD20 million investment from AGL Energy Limited to advance the uptake of residential energy storage for Australia. The cash injection will help Sunverge Energy explore options for local manufacturing and creation of new jobs. unverge’s Solar Integration System combines advanced lithium batteries with a sophisticated control platform that allows power flows to and from the grid to be controlled as part of a Virtual Power Plant.

Source: Manufacturers Monthly