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Mercom: Corporate funding for energy storage companies hit $26.4B in 2022; up 55% y-o-y

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Mercom Capital Group, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity in 2022 for the energy storage, smart grid, and energy efficiency sectors. Corporate funding for energy storage, smart grid, and energy efficiency companies.

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Electrochemical energy storage startup SPARKZ licenses ORNL cobalt-free battery tech

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Stealth-mode electrochemical energy storage startup SPARKZ Inc. has exclusively licensed five battery technologies from the Department of Energy’s Oak Ridge National Laboratory (ORNL) designed to eliminate the use of cobalt metal in lithium-ion batteries. —SPARKZ Inc. CEO Sanjiv Malhotra. SPARKZ Inc.

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SABIC acquires majority stake in carbon nanotube business for energy storage applications

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Saudi Arabia-based SABIC, a global leader in diversified chemicals, has taken a majority stake in Black Diamond Structures (BDS), a nanotechnology company established in 2014. BDS was founded in 2014 as a joint venture between SABIC Ventures US LLC and Molecular Rebar Design. Photo courtesy SABIC.

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First charging station for EVs using second-life batteries from Irizar e-mobility is in service

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The first charging station for EVs that uses energy storage based on second-life batteries from Irizar e-mobility is up and running. Irizar e-mobility and Ibil earlier signed a collaboration agreement to give a second life to electric bus batteries. Irizar e-mobility also manufactures and develops its own batteries.

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Battery Innovation Center issues RFP for development of new energy storage systems

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The Battery Innovation Center (BIC)—a non-profit consortium of organizations focused on the rapid development, testing and commercialization of safe and reliable energy storage systems—has announced a Request for Proposal (RFP) for the development of new energy storage systems.

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Zinc-air battery company Eos Energy Storage raises $15M

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Eos Energy Storage, a developer of zinc-air grid-scale battery technology, completed its $15-million Series B financing round with participation from a syndicate of 21 strategic and financial investors. Eos has developed Znyth, a zinc hybrid cathode battery technology. Eos will begin deploying the Aurora in 2014.

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ABB and BYD enter strategic global collaboration on energy storage

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announced today a strategic global collaboration to develop new solutions for energy storage, building on their complementary strengths. The scope of the collaboration focuses on the following applications: Grid-connected energy storage. Solar energy. Global power and automation technology group ABB and BYD Co.,