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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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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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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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BMW’s GM of battery cell technology joins Wildcat Discovery’s board

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Wildcat Discovery Technologies, a technology company that uses proprietary high-throughput methods to develop new battery materials rapidly, announced that Dr. Peter Lamp, General Manager of the Battery Cell Technology Group at BMW AG, has joined its Board of Directors. One example is Wildcat’s CM3. Currently, 5V LiNi 0.5

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USC team develops novel organic redox flow battery for large-scale energy storage

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Scientists at USC have developed a novel water-based Organic Redox Flow Battery (ORBAT) for lower cost, long lasting large-scale energy storage. ORBAT employs two different water-soluble organic redox couples on the positive and negative side of a flow battery. —Yang et al.

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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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