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V2X company Fermata Energy raises $40M in recent round

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Fermata Energy, a vehicle-to-everything (V2X) technology services provider, recently raised $40 million to accelerate the company’s growth with investment from new partners, including funds managed by global investment firm Carlyle and Verizon Ventures.

Energy 225
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Williams Advanced Engineering receives award to develop and demonstrate static flywheel energy storage technology for grid stabilization

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Williams Advanced Engineering, the division of Williams that commercializes Formula One-based technologies, has been awarded a grant from the UK Department of Energy and Climate Change’s Energy Entrepreneurs Fund to develop flywheel-based energy storage systems for use in grid stabilization.

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Report says lithium from California’s Salton Sea can anchor US battery supply chain

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Establishing a full battery manufacturing ecosystem, anchored in “Lithium Valley”, could not only support the transition to electrified transportation, but advance progress toward California’s climate goals, and serve as a vital source for critical minerals essential to economic and national security. Earlier post.).

Supplies 505
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3 Oil Majors That Bet Big On Renewables

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BIT:ENI) recently unveiled what has been hailed as the most ambitious climate pledge yet by an oil supermajor. As we have pointed above, ENI has the most ambitious climate change pledge with plans to lower its greenhouse gas emissions by 80% by 2050. Good case in point: Italian multinational oil and gas giant Eni S.p.A.

Oil 418
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Biden sets 2030 net GHG reduction target for US of 50-52% below 2005 levels

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The outlook for the power mix varies significantly across the globe, with renewables contributing 71% in Western Europe by 2030 compared to 35% in the US, 38% in China and 27% in India. As countries look to accelerate this transition, the modernization of power grids and integration of energy storage will also be increasingly important.

2005 243
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Hawaii study finds vehicle-to-grid discharge detrimental to EV batteries

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Results of a study by a team at the Hawaii Natural Energy Institute, SOEST, University of Hawaii at Manoa, suggest that the additional cycling to discharge vehicle batteries to the power grid in a vehicle-to-grid (V2G) scenario, even at constant power, is detrimental to EV battery cell performance.

Hawaii 210
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California Energy Commission awards more than $1.8M additional funding to further UCSD microgrid project; energy storage, EV charging and V2G services are components

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These funds will be invested, in part, in analyzing multiple stand-alone energy storage technologies to further improve the microgrid. It provides a crucial real-life demonstration of technology that can help to provide California a future of clean, sustainable and reliable energy. —Energy Commission Chair Robert B.