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Stellantis invests in affordable sodium-ion battery technology

Teslarati

Stellantis Ventures became a strategic investor of France-based Tiamat, which is developing and commercializing sodium-ion battery technology. Stellantis Ventures is the corporate venture fund of the legacy automaker. Sodium-ion technology is free of lithium and cobalt and costs less per kilowatt-hour.

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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: battery, smart grid, energy efficiency companies raised $2.3B in VC funding in 2019; 18% lower than 2018

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Mercom Capital Group, llc, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity for the Battery Storage, Smart Grid, and Energy Efficiency sectors for 2019. Battery Storage. billion compared to $2.8 billion raised in 2018. billion in 2018.

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TerraPower closes $750M fundraise; SK invests $250M

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TerraPower, a nuclear innovation company, has closed an equity raise that yields a minimum of $750 million. SK Group is among South Korea’s largest energy providers and the second-largest conglomerate. Perkins Coie LLP acted as outside corporate counsel to TerraPower. TerraPower will continue to be a privately held company.

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Haldor Topsøe acquires 18% of Na-ion battery company Faradion Ltd

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Haldor Topsøe A/S, a global market leader in catalysis and related process technologies, recently acquired 18% of the shares in sodium-ion battery technology company Faradion Ltd, based in Sheffield, UK. Other partners in the investment included Finance Yorkshire’s Seedcorn Fund and Rising Stars Growth Fund II LP.

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DOE Awarding $620M for Smart Grid Demonstration and Energy Storage Projects

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The US Department of Energy is awarding $620 million for projects around the country to demonstrate advanced Smart Grid technologies and integrated systems. The selected projects include advanced battery systems (including flow batteries), flywheels, and compressed air energy systems. NSTAR Electric & Gas Corporation (MA).

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NYSERDA Commits $8M to Develop and Commercialize 19 New York Battery and Energy-Storage Technology Projects

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The New York State Energy Research and Development Authority (NYSERDA) will award $8 million to help develop or commercialize 19 advanced energy storage projects. Ultralife Corporation. Integrating battery and ultra-capacitors on a common power circuit serving two renewable-energy generation sources. Murray, Jr.,