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Mercom: battery storage, smart grid, and efficiency companies raised $1.3B+ in VC funding in 9M 2018

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Global VC funding (venture capital, private equity, and corporate venture capital) for Battery Storage, Smart Grid, and Efficiency companies in the first 9 months (9M) of 2018 was 8% higher at more than $1.3 billion raised in 9M 2017, an 11% decrease year-over-year (YoY). billion in six deals in 9M 2017. Smart grid.

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Mercom Capital report: VC funding up for battery storage, down for smart grid, efficiency companies in 1H 2018 YoY

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billion raised in 1H 2017, a 14% decrease year-over-year (YoY). The decline in funding in 1H was due to lower funding activity in Smart Grid and Efficiency categories while funding increased in the Battery Storage sector. Funding amounts were 33% lower YoY compared to the $591 million raised in 24 deals in Q2 2017.

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TAE Technologies exceeds fusion reactor performance goals by 250% as company closes $250M round; $1.2B to date

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TAE says that its non-radioactive approach represents the fastest, most practical, and economically competitive solution to bring abundant carbon-free energy to the grid. TAE’s fifth-generation reactor, Norman, was unveiled in 2017 and was designed to keep plasma stable at 30 million degrees Celsius.

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UPS-led SEUL consortium switches on smart-grid fleet charging solution in London; maxing out on EVs without expensive grid upgrades

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A UPS-led consortium has deployed new smart-grid charging technology in London that overcomes the challenge of simultaneously recharging an entire fleet of electric vehicles (EVs) without the need for the expensive upgrade to the power supply grid. SEUL is a two-year project that commenced in April 2017.

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Redwood Materials Will Recycle Hawaiian Grid Batteries

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Lithium-ion battery recycling took a big step forward this week, as a Hawaiian utility announced it is undertaking one of the biggest examples of grid-storage recycling in North America to date. By electric grid standards, Anahola’s 4-megawatt-hour storage facility is not big. So the idea is, buy it once and keep it here.”

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eVTOL company Joby and NASA collaborate to measure noise footprint of electric air taxi

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became the first company to fly an all-electric vertical takeoff and landing (eVTOL) aircraft as part of NASA’s Advanced Air Mobility (AAM) National Campaign. Joby Aviation, Inc. —Davis Hackenberg, NASA AAM mission integration manager.

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BorgWarner on track for ~$3.7B of electric vehicle revenue by 2025

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The company now expects its 2022 electric vehicle revenue to grow to approximately $850 million—more than double what it was in 2021. The company paid approximately $130 million at closing, and up to $55 million could be paid in the form of contingent payments over the next three years. Earlier post.)