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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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Electrify America reaches 30MW in installed battery energy storage at 140 DC-fast charging stations across the US; behind-the-meter grid services

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Electrify America has installed onsite, behind-the-meter battery energy storage systems (BESS) at more than 140 ultra-fast DC charging stations around the country, including more than 90 installations in California.

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LiNa Energy successfully demonstrates Na-ion technology for battery energy storage systems

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Solid-state sodium-ion battery company LiNa Energy ( earlier post ) successfully completed an independent demonstration of its lithium-free sodium batteries for energy storage systems with commercial partner ion Ventures.

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SwRI forms joint industry program to investigate safety, longevity of grid-connected energy storage systems

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Southwest Research Institute (SwRI) has launched a new Joint Industry Program (JIP) to investigate energy storage systems for the grid. Over the course of its life, a grid-connected battery must respond slowly or suddenly, depending on the grid demands. The current monitoring standards are insufficient.

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DOE awards $2.4M to 3 projects for next-generation grid energy storage

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The US Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) recently awarded $2.4 million in funding for three projects to advance novel thermal and hydrogen energy storage technologies toward increased duration, reliability and affordability. WE New Energy Inc.

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Tesla Megapacks power on at Scotland battery energy storage site

Teslarati

A Tesla Megapack-based battery energy storage system (BESS) has gone live in Scotland, in partnership with TagEnergy and Harmony Energy. Credit: TagEnergy “Battery energy storage systems are vital for unlocking the full potential of renewable energy in the UK,” said Peter Kavanagh, Harmony Energy CEO.

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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.