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Mercom: Corporate funding for energy storage companies hit $26.4B in 2022; up 55% y-o-y

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Mercom Capital Group, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity in 2022 for the energy storage, smart grid, and energy efficiency sectors. Corporate funding for energy storage, smart grid, and energy efficiency companies.

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XL Fleet launches XL Grid division with charging infrastructure solutions

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XL Grid will provide charging infrastructure, energy storage and power solutions for electrified fleets. XL Fleet customers can now purchase XL Grid charging systems separately or as part of an order for vehicles with the company’s electrified powertrain. —Tod Hynes, Founder and Chief Strategy Officer of XL Fleet.

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Nikola Corporation to unveil novel battery cell technology; 500 Wh/kg on production cell

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Nikola Corporation said that it has developed a new battery that has a record energy density of 1,100 Wh kg -1 on the material level and 500 Wh kg -1 on the production cell level—including casing, terminals and separator—more than double current lithium-ion battery cells. Nikola trucks could weigh 5,000 lbs.

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Toshiba delivers two SCiB Li-ion grid energy storage systems

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Toshiba Corporation has delivered battery energy storage systems integrating the company’s SCiB Li-ion battery ( earlier post ) to Kyushu Electric Power Co., for a demonstration project to expand introduction of renewable energy sources on remote islands. The demonstration program will run for three years to fiscal 2016.

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Toshiba supplies Li-ion traction energy storage system for Tobu Railway

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Toshiba Corporation has supplied a Li-ion battery traction energy storage system (TESS) to Tobu Railway Co., TESS stores traction energy generated by decelerating trains as they enter a station and releases it as needed when trains accelerate from the station. The system is planned to operate from 22 December.

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Sysco unveils vision for first EV hub: 40 electric tractors and refrigerated trailers; 4MWh ESS and 1.5MW additional solar

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Sysco Corporation, the world’s largest food distributor, unveiled its vision for the Riverside Electric Vehicle Hub, which will transform the company’s distribution center into the focal point of its electrified fleet. InCharge Energy and ABB E-mobility are supplying and preparing to activate 40 Terra 124 DC fast chargers.

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Maxwell Technologies delivers ultracapacitor-based regenerative braking energy storage for Beijing subway system

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Maxwell Technologies, a leading developer and manufacturer of ultracapacitor-based energy storage and power delivery solutions, announced that its ultracapacitors are used for regenerative braking energy storage in the Beijing subway system.