Remove 2015 Remove Energy Storage Remove Financing Remove Grid
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40 Tesla Megapacks replace WW2 turbojet generator in Belgium

Teslarati

The system now has 50 MW of power and 100 MWh of capacity and supports the local grid. Tesla noted that the Deux-Acren project, which installed the Megapacks, is now one of the largest storage systems in Europe. 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

This includes spending on renewables such as wind and solar as well as grid and other infrastructure. Global investment in technologies to help the energy transition reached a record $1.3 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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Graphene ultracapacitor company Skeleton Technologies secures €4M from KIC InnoEnergy; targeting 20 Wh/kg by 2020

Green Car Congress

Skeleton Technologies’ devices are the only ultracapacitors to use a patented graphene material in their manufacture, allowing them to deliver twice the energy density and five times the power density of their competitors, the company said. Energy density. Source: Skeleton , May 2015. Click to enlarge.

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LG Chem Michigan Inc. to start automotive Li-ion battery production in July for Chevy Volt

Green Car Congress

The $303-million, 650,000 square-foot facility was financed in part from a $151.4 million grant the company received from the US Department of Energy (DOE) as part of the Recovery Act Award for Electric Drive Vehicle Battery and Component Manufacturing Initiative. Earlier post.).

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