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Mercom Capital Group: Battery storage, smart grid & efficiency companies raise $3.2B in funding in Q3 2020; up 165% QoQ, 777% YoY

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Mercom Capital Group, LLC, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the global Battery Storage, Smart Grid, and Energy Efficiency sectors for the third quarter (Q3) and first nine months (9M) of 2020. Battery Storage.

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Mercom Capital: funding for battery storage, smart grid & efficiency companies down 38% YoY in 1H 2020

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Mercom Capital Group, LLC, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the global Battery Storage, Smart Grid, and Energy Efficiency sectors for the second quarter (Q2) and first half (1H) of 2020. Battery Storage. Smart Grid.

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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. compared to 2020. This amount remains unchanged from 2020 despite the jump in renewables due to drought-related declines in hydroelectric generation.

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EIA: US large-scale battery storage power capacity increased 35% in 2020

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The United States continued a trend of significant growth in large-scale battery capacity, with US battery power capacity reaching 1,650 megawatts (MW) by the end of 2020. At the end of 2019, 163 large-scale battery storage systems were operating in the United States, a 28% increase from 2018.

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DOE: Life cycle GHG emissions for 2020 electric small SUV were half those of a conventional gasoline small SUV

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Using current technologies, all evaluated biofuel, battery electric, and hydrogen fuel cell vehicle pathways offer significant C2G GHG emissions reduction compared to the current gasoline internal combustion engine vehicle. C2G emissions are a sum of WTW emissions and emissions associated with vehicle manufacturing.

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Elli and MITNETZ STROM publish concept for smart grid integration of EVs

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Elli, a brand of the Volkswagen Group, and MITNETZ STROM have launched a nationwide pilot project for smart grid integration of electric vehicles. An algorithm uses price incentives to compare the cars’ charging plans with regional electricity output from renewable energies and the available capacities in the distribution grid.

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GlobalData: Coronavirus threatens China’s battery sector dominance; 26 GWh hit in 2020

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The coronavirus (COVID-19) outbreak in China will impact the green energy sector, including renewable energy sources, battery energy storage, electric vehicles (EVs), and renewable heating and cooling, says data and analytics company GlobalData. —Sneha Susan Elias, Senior Power Analyst at GlobalData.

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