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Profiteering Hampers U.S. Grid Expansion

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The United States is not building enough transmission lines to connect regional power networks. The deficit is driving up electricity prices, reducing grid reliability, and hobbling renewable energy deployment. grids demands public scrutiny and accountability. Their grip over the backbone of U.S.

Grid 142
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Mercom: battery storage, smart grid, and efficiency companies raise $210M in VC funding in Q1 2019, down 55.5% YoY

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A combined $210 million was raised by battery storage, smart grid, and energy efficiency companies in Q1 2019—a 55.5% decrease from the $472 million raised in Q1 2018, according to a new report from Mercom Capital Group, llc, a global clean energy communications and consulting firm. Smart Grid.

2019 170
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Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

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The acquisitions will provide Northern with 40-50,000 tonnes per year (tpy) of graphite production capacity in Québec and Namibia, which will make it the third-largest non-Chinese natural graphite producing company. the company paid Imerys approximately CDN$17.8 million in lease payments for use of the land and buildings.

Namibia 284
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ITM Power establishing subsidiary to build, own and operate H2 refueling stations

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ITM Power is establishing ITM Motive as a separate, wholly owned subsidiary for building, owning and operating a portfolio of hydrogen refueling stations in the UK. In October 2019, the Company announced the completion of a £58.8-million

Building 210
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Energy Impact Partners invests €5M in EV fleet efficiency company ViriCiti

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million (€5 million) in ViriCiti, a Europe-based EV fleet efficiency technology company ( earlier post ), in a Series A round. ViriCiti provides them vital capabilities that will accelerate electrification, lower operating costs and minimize impacts on the grid. The investment is EIP’s first in a Europe-based firm.

Fleet 239
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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

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Energy company SGH2 is bringing the world’s biggest green hydrogen production facility to Lancaster, California. It can also provide lowest-cost long-term storage for electrical grids relying on renewable energy. Hydrogen can also reduce and potentially replace natural gas in all applications.

Waste 448
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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

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Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). This is a new era of dispatchable renewables, based on new contract structures between developer and grid.