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Mercom: battery, smart grid, energy efficiency companies raised $2.3B in VC funding in 2019; 18% lower than 2018

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Mercom Capital Group, llc, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity for the Battery Storage, Smart Grid, and Energy Efficiency sectors for 2019. billion raised in 2018. billion in 2018. billion in 2018. Battery Storage.

2019 195
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Cal ISO: California grid battery storage increased nearly 20x since 2019 to 5,000MW; projected to hit 52,000 MW by 2045

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According to the California Independent System Operator, battery storage capacity in the state has increased by nearly 20 times since 2019—from 250 megawatts (MW) to 5,000 MW. Escalating requirements saw the goal increase to 33% by 2020—a target that was met two years early in 2018. compared to 2020.

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Mercom: battery storage, smart grid, and efficiency companies raised $1.3B+ in VC funding in 9M 2018

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Global VC funding (venture capital, private equity, and corporate venture capital) for Battery Storage, Smart Grid, and Efficiency companies in the first 9 months (9M) of 2018 was 8% higher at more than $1.3 Battery storage. Lithium-based batteries companies received the most funding with $211 million.

2018 191
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UCSD study: under current policies, home energy storage would often increase carbon emissions

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Under current policies, home energy storage systems would also often increase carbon emissions, according to a study by a team of researchers at the University of California San Diego published in the journal Environmental Science & Technology. The study modeled deployment across a wide range of regions, utilities and battery operation modes.

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Mercom Capital: VC funding for battery storage companies up 139% YoY in 1H 2019 to $1.4B; led by Northvolt financing

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VC funding in Battery Storage companies in 1H 2019 was up by 139% with $1.4 billion in 17 deals compared to the $543 million in 30 deals in 1H 2018, according a new report from Mercom Capital Group. A total of 41 VC investors participated in Battery Storage funding in 1H 2019. billion compared to over $843 million in 1H 2018.

2019 207
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International Copper Association pledges to achieve net zero carbon emissions by 2050

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Refined copper production emitted an estimated 97 million tons of CO 2 equivalent in 2018. These include further research and development into innovative technologies for emissions reduction, the decarbonization of local power grids and regulatory certainty, including fair and stable royalties and long-term mining licenses.

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Con Edison testing V2G service from 5 electric school buses

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Con Edison has begun using the batteries on five Lion Electric electric school buses to provide power to its customers, marking the first time in New York State that electricity has flowed from buses into a utility’s grid. The chargers reverse the flow of power into the grid at times when the buses are not transporting children.