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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. Energy Storage. Smart Grid. Smart grid companies raised $3.3

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Rimac Technology enters stationary energy storage systems market with launch of Rimac Energy

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Rimac Technology is entering the stationary Energy Storage Systems (ESS) market with the launch of Rimac Energy. The launch of Rimac Energy marks a major milestone for the company, as it expands beyond market-leading EV technology and introduces innovative stationary energy storage systems.

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Study: California needs up to 55 GW of long duration energy storage by 2045; 150X the storage deployed since 2010

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By 2045, California will require the deployment of up to a staggering 55 gigawatts (GW) of long duration energy storage (LDES) to support its 100% clean electricity goals, according to a new modeling study released by the California Energy Storage Alliance (CESA). —Alex Morris, Executive Director of CESA.

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Energy Vault to provide 1.6 GWh of gravity energy storage to support DG Fuels SAF projects

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Energy Vault, a company developing grid-scale gravity energy storage solutions, has entered into an energy storage system agreement with DG Fuels, a developer of renewable hydrogen and biogenic-based, synthetic sustainable aviation fuel (SAF) and diesel fuel.

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Highview Power and Encore Renewable Energy to co-develop the first long-duration, liquid-air energy storage system in US

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Highview Power Storage, Inc., a provider of long duration energy storage solutions, and Encore Renewable Energy, a developer of renewable energy generation and storage projects, jointly announced plans to develop the United States’ first long-duration, liquid-air energy storage system.

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SCE signs 7 contracts for 770 MW of battery-based energy storage for grid reliability

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Southern California Edison recently signed seven contracts totaling 770 megawatts of battery-based energy storage resources to help enhance the region’s electric system reliability needs. The recently conducted solicitation and the resulting contracts make up one of the country’s largest energy storage procurements.

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Tesla highlights latest milestone in Megapack energy storage deployment

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Tesla’s Megapack power storage systems are being deployed around much of the world, effectively offering massive batteries for storing energy from renewable sources such as solar or wind energy. The post Tesla highlights latest milestone in Megapack energy storage deployment appeared first on TESLARATI.