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Breakthrough Energy Ventures backs methanol fuel cell company Blue World Technologies

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Blue World Technologies announced that the Bill Gates-founded Breakthrough Energy Ventures (BEV) entered as an investor in Blue World Technologies alongside Vaekstfonden (The Sovereign Investment Fund of Denmark), DEUTZ AG, and existing investors who invested back in December 2021 to complete the company’s €37-million series B round.

Companies 293
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ENGIE New Ventures increases investment in 2nd-life battery company Connected Energy

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ENGIE New Ventures, the corporate venture fund of ENGIE, is participating in a new round of investment to further the development of Connected Energy. Based in the United Kingdom, Connected Energy uses end-of-life EV batteries to create energy storage systems. —Matthew Lumsden, CEO of Connected Energy.

Connect 186
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Revel, Fermata Energy, NineDot Energy launch first V2G system on NYC’s grid

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Revel, NineDot Energy and Fermata Energy announced that the first Vehicle to Grid (V2G) program connected to NYC’s grid is now live at Revel’s Red Hook, Brooklyn warehouse. The V2G system uses three Fermata Energy bidirectional chargers operating on a cloud-based platform. Photo Courtesy of Revel.

Grid 448
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SwRI forms joint industry program to investigate safety, longevity of grid-connected energy storage systems

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Southwest Research Institute (SwRI) has launched a new Joint Industry Program (JIP) to investigate energy storage systems for the grid. Over the course of its life, a grid-connected battery must respond slowly or suddenly, depending on the grid demands. One of the central questions is how long it takes for a battery to degrade.

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EV Connect pilots first V2G charging project in the Midwest

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EV Connect, a California-based software-as-a-service company, is collaborating with the Indiana-based Battery Innovation Center (BIC) and Energy Systems Network (ESN) to deploy Indiana’s first large-scale Vehicle-to-Grid capable charging system to support school bus fleet, HD truck, and other customer segment applications.

Connect 345
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V2X company Fermata Energy raises $40M in recent round

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Fermata Energy, a vehicle-to-everything (V2X) technology services provider, recently raised $40 million to accelerate the company’s growth with investment from new partners, including funds managed by global investment firm Carlyle and Verizon Ventures.

Energy 225
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HaaS company Hydra Energy delivers first converted hydrogen-diesel co-combustion heavy-duty truck; up to 40% hydrogen

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Hydra Energy, the Hydrogen-as-a-Service (HaaS) provider for commercial fleets looking to reduce emissions and costs with limited risk and no up-front investment ( earlier post ), has delivered its first hydrogen-converted, heavy-duty truck to paying fleet customer Lodgewood Enterprises. —Hydra Energy CEO Jessica Verhagen.

Hydrogen 397