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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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Lux: Li-ion dominating grid storage market with 90% of 2014 proposals

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Lithium-ion (Li-ion) batteries have become the dominant new technology in grid storage, capturing a 90% share of systems proposed last year, according to analysts at Lux Research. Li-ion accounted for 419 MW and 1,555 MWh of proposed storage systems in 2014. Japan maintained its lead in installed energy storage capacity with 1,174 MWh.

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DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project

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The US Department of Energy (DOE) closed on a $504.4-million million loan guarantee to the Advanced Clean Energy Storage project in Delta, Utah (ACES Delta)—marking the first loan guarantee for a new clean energy technology project from DOE’s Loan Programs Office (LPO) since 2014.

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Purdue and Duke Energy to explore potential for SMR nuclear power source for campus

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Purdue University and Duke Energy plan to explore the feasibility of using advanced nuclear energy to meet the campus community’s long-term energy needs. According to the International Atomic Energy Agency, SMRs are among the most promising emerging technologies in nuclear power. —Purdue President Mitch Daniels.

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Hitachi developing packaged 1 MW Li-ion energy storage system for grid stabilization

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has developed a container-type energy storage system as a core energy product for ensuring the stable use of distributed renewable energy such as wind and solar power, while maintaining the power supply-demand balance. The Hitachi Group has been involved in the energy storage business over several decades. Hitachi, Ltd.

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SDG&E piloting integration of EVs and energy storage systems into CAISO energy markets for demand response services

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In a pilot vehicle-to-grid project, San Diego Gas & Electric (SDG&E) is actively bidding a group of energy storage systems and electric vehicle fleets as one resource directly into the California Independent System Operator’s ( CAISO ) energy markets. This project does just that.

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Hitachi and Demansys to demo CrystEna Energy Storage System for grid frequency regulation and capacity services

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and Demansys Energy LLC reached an agreement to perform a demonstration project utilizing Hitachi’s “CrystEna” (Crystal+Energy) compact 1 MW container-type energy storage system in the market for frequency regulation and capacity services, and that site installation work will soon commence. Hitachi America, Ltd.,