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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. In 2019, VC funding into Battery Storage companies increased by 103% to $1.7

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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. Today’s fleet of storage resources can capture enough electricity to power up to 5 million California homes. compared to 2020. compared to 2020.

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DOE launches design & construction of $75M grid energy storage research facility at PNNL

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The US Department of Energy (DOE) has begun work on the Grid Storage Launchpad (GSL), a $75-million facility located at Pacific Northwest National Laboratory (PNNL) in Richland, Washington that will boost clean energy adaptation and accelerate the development and deployment of long-duration, low-cost grid energy storage.

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Sandia team puts power into local grid with supercritical CO2 closed-loop Brayton-cycle turbine

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Sandia National Laboratories researchers recently delivered electricity produced by a new power-generating system to the Sandia-Kirtland Air Force Base electrical grid. Because so much energy is lost turning steam back into water in the Rankine cycle, at most a third of the power in the steam can be converted into electricity.

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Xcel Energy, INL to use nuclear energy for clean hydrogen production; HTSE

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Minneapolis-based Xcel Energy will work with Idaho National Laboratory to demonstrate a system that uses a nuclear plant’s steam and electricity to split water. This is a game-changer for both nuclear energy and carbon-free hydrogen production for numerous industries. Earlier post.)

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Volkswagen’s Elli and Elia Group partner to integrate EVs into the grid

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Elli, the Volkswagen subsidiary that manages all activities related to charging and energy for the Group in Europe, the Elia Group and its start-up re.alto signed a memorandum of understanding (MoU) in Berlin. An essential key to achieving climate neutrality lies in linking of the energy and mobility sectors.

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DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project

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The US Department of Energy (DOE) closed on a $504.4-million million loan guarantee to the Advanced Clean Energy Storage project in Delta, Utah (ACES Delta)—marking the first loan guarantee for a new clean energy technology project from DOE’s Loan Programs Office (LPO) since 2014.