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

Green Car Congress

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. Source: Mercom Capital Group. Energy Storage. Smart Grid.

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Rimac Technology enters stationary energy storage systems market with launch of Rimac Energy

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Rimac Technology is entering the stationary Energy Storage Systems (ESS) market with the launch of Rimac Energy. Rimac Energy will produce its pilot systems for selected customers this year with commissioning in 2024. All products are fully designed, developed, and produced in Europe.

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DOE releases Energy Storage Grand Challenge Roadmap; 44% reduction in manufactured cost for 300-mile EV pack by 2030

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The US Department of Energy (DOE) released the Energy Storage Grand Challenge Roadmap , the Department’s first comprehensive energy storage strategy. billion into energy storage research and development—$400 million per year, on average.

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ŠKODA collaborates with IBG ?esko on second-life battery energy storage system; up to 328 kWh

Green Car Congress

ŠKODA AUTO, a subsidiary of the Volkswagen Group, is introducing a smart energy storage system using second-life batteries from electric vehicles. Following a successful pilot project in Prague, the energy storage units are now available to ŠKODA contract dealers.

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Study: California needs up to 55 GW of long duration energy storage by 2045; 150X the storage deployed since 2010

Green Car Congress

By 2045, California will require the deployment of up to a staggering 55 gigawatts (GW) of long duration energy storage (LDES) to support its 100% clean electricity goals, according to a new modeling study released by the California Energy Storage Alliance (CESA). —Alex Morris, Executive Director of CESA.

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Volvo partnership will recycle EV batteries into energy storage

Teslarati

One such company includes Volvo, which has announced a partnership to recycle old EV batteries into new energy storage systems. Volvo is partnering with battery recycler Connected Energy to give EV batteries a second life as battery energy storage systems (BESS), as detailed in a press release on Wednesday.

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Thermal Energy Storage Is No Longer Just Hot Air

Cars That Think

Cheesecake is part of a cohort of companies trying to meet a growing need for alternative forms of energy storage. As countries transition away from fossil fuels to green sources of energy like wind and solar, there will be natural lulls in energy production due to weather conditions.