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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. billion in 2018.

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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 Total corporate funding (including venture capital funding, public market, and debt financing) in 9M 2018 was down with $3.3

2018 191
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Fukushima Hydrogen Energy Research Field (FH2R) completed in Japan; aiming for low-cost green hydrogen production; P2G

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and Iwatani Corporation announced that Fukushima Hydrogen Energy Research Field (FH2R), which had been under construction in Namie town, Fukushima Prefecture since 2018, has been constructed with a solar-energy-powered 10MW-class hydrogen production unit, the largest in the world, at the end of February.

Low Cost 450
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Plug Power, Olin JV to produce green hydrogen in 15 ton per day plant in Louisiana

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a leading provider of turnkey hydrogen solutions, intend to create a joint venture (JV) to produce and market green hydrogen to support growing fuel cell demand in the global hydrogen economy. Gabriel, Louisiana will produce 15 tons per day (tpd) of green hydrogen. A 2018 study by a team from Argonne National Laboratory (Lee et al.

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Mercom Capital report: VC funding up for battery storage, down for smart grid, efficiency companies in 1H 2018 YoY

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Total corporate funding (including venture capital funding, public market, and debt financing) in 1H 2018 was down with $2.4 The decline in funding in 1H was due to lower funding activity in Smart Grid and Efficiency categories while funding increased in the Battery Storage sector. billion raised compared to $2.8 Battery Storage.

2018 170
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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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Escalating requirements saw the goal increase to 33% by 2020—a target that was met two years early in 2018. Senate Bill 100 (2018) accelerates the RPS goal to 60% by 2030. The program was established in 2002 with an initial requirement that 20% of electricity retail sales be served by renewable resources by 2017.

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Mercedes-Benz to source CO2-free electricity in Germany from solar, wind and hydropower from 2022 onwards

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Mercedes-Benz is expanding its green power portfolio in cooperation with the energy supplier Enovos and the Norwegian energy producer Statkraft. A green power supply contract ensures the purchase of electricity from renewable energy sources at all times. A green power concept of this type and scale is so far unique in Germany.

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