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

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Olin Corporation, a leading vertically integrated chlor alkali producer and marketer, and Plug Power Inc., 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. —Lee et al.

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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.

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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 Total corporate funding (including venture capital funding, public market, and debt financing) in 1H 2018 was down with $2.4 Top 5 VC deals in 1H 2018: $80 million raised by Stem. $71

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thyssenkrupp’s water electrolysis technology qualified as primary control reserve in Germany; hydrogen production for the electricity market

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green hydrogen meets the requirements for participation in the primary control reserve market. In the future thyssenkrupp’s electrolysis plants will be able to act as large-scale buffers to stabilize the power grid and compensate fluctuations quickly and flexibly. thyssenkrupp and E.ON thyssenkrupp and E.ON

Water 337
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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.