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40 Tesla Megapacks replace WW2 turbojet generator in Belgium

Teslarati

Michael Coudyser, General Manager of Corsica Sole, which is the developer, said that the project was financed with its shareholder, Mirova Energy Transition 5, without any public subsidy. “A A pioneer in energy storage in France, Corsica Sole has been operating this type of plant in the French islands since 2015.

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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

Green Car Congress

The energy transition is still in its early stages and massive capital deployment is going to be needed in order to meet the goals of industry and policy makers. Energy storage might form a relatively small piece of the overall financing required, but it is a strategically critical piece of the puzzle.

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President’s 2016 Budget requests $29.9B for DOE; 9% boost over FY 2015 enacted; $793M (2.7%) for sustainable transportation

Green Car Congress

billion for the US Department of Energy (DOE). billion) above the FY 2015 enacted level. billion (35.8%) science and energy Budget Request, $1.3 billion for applied energy activities, including: $2.72 billion for applied energy activities, including: $2.72 President Barack Obama’s 2016 Budget requests $29.9

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Gogoro announces major partnership to help accelerate global expansion

Baua Electric

Today, Gogoro announced signing an MOU to form a new partnership with Japanese giants Sumitomo Corporation and Sumitomo Mitsui Finance and Leasing Co., Together, Gogoro, Sumitomo and SMFL share a vision for accelerating the expansion of sustainable energy and transportation in the world’s most densely populated cities.”

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Electra Vehicles, Inc. Announces $21 Million Financing Round led by United Ventures

Electra Vehicles

Electra Vehicles was founded in 2015 by energy storage expert Fabrizio Martini, following his work with NASA, where he developed a novel battery system for Venus-bound spacecraft. Existing investors LIFTT S.p.A., Club degli Investitori, and BlackBerry Limited also participated in the round.

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Siemens invests in Electrify America, the largest public charger in the US

Setec Powerr

Recently, Volkswagen announced that its charging station subsidiary Electrify America has completed its first round of financing, with Siemens leading the investment and Volkswagen following. billion yuan, making it a new energy unicorn. billion yuan, making it a new energy unicorn. billion US dollars, or about 16.4

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Tesla makes ~$2.8B all-stock offer to acquire SolarCity

Green Car Congress

And in March 2015, we launched Tesla Energy, which through the Powerwall and Powerpack allow homeowners, business owners and utilities to benefit from renewable energy storage. We seek to accelerate the world’s transition to sustainable transportation by offering increasingly affordable electric vehicles.

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