article thumbnail

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

Green Car Congress

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.

article thumbnail

Toyota Motor Corporation Strengthens Battery Production Capabilities

CleanTechnica EVs

Toyota accelerates mass production of diverse EV batteries by making PEVE a wholly owned subsidiary Toyota Motor Corporation (TMC) has. continued] The post Toyota Motor Corporation Strengthens Battery Production Capabilities appeared first on CleanTechnica.

article thumbnail

Hanwha and LG Energy to build battery production in US, targeting ESS and UAM

Green Car Congress

The joint investment will pave the way for Hanwha to lead the rapidly-growing energy storage market and future Urban Air Mobility business. The two companies signed a memorandum of understanding in Seoul for comprehensive battery business cooperation for ESS (energy storage systems) and other clean-tech energy solutions.

Building 199
article thumbnail

The Electric Truck Of The Future Does Kinetic Energy Storage, Too

CleanTechnica EVs

The city of Amarillo, Texas, is polishing its green cred with new, mobile kinetic energy storage technology from the firm Ecolution Power Company.

article thumbnail

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

Green Car Congress

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. and add 2,800 electric trucks to its US fleet by 2030.

Solar 397
article thumbnail

Cohort of new stakeholders joins Open Hydrogen Initiative

Green Car Congress

Hydrogen demand is currently concentrated in oil refining and ammonia production, but nearly 90% of projected demand growth through 2050 comes from new sectors like heavy-duty transportation, steel production, and long-term energy storage.

Hydrogen 482
article thumbnail

Wanxiang and NEC to form joint venture for grid energy storage in China

Green Car Congress

China Wanxiang Holding announced the planned formation of a joint venture between its wholly-owned subsidiary, Puxing Energy, and NEC Corporation to pursue grid energy storage opportunities in the Chinese market. Its formation is an important element of the recently announced NEC acquisition of A123 Energy Solutions.