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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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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). That is 15 times the 27GW/56GWh of storage that was online at the end of 2021.

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Northvolt assembles first lithium-ion battery cell at Swedish gigafactory

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The cell is the first to have been fully designed, developed and assembled at a gigafactory by a homegrown European battery company. To these customers in the automotive, industrial and energy storage sectors, Northvolt Ett will deliver cells of varying formats with commercial deliveries beginning in 2022.

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JERA and Toyota deploy first large capacity Sweep Energy Storage System with second-life batteries

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JERA, the largest power generation company in Japan, responsible for about 30% of Japan’s electricity, and Toyota Motor have built and deployed the first large-capacity “Sweep Energy Storage System”. The 485 kW / 1,260 kWh facility will comprise lithium-ion batteries, nickel metal-hydride batteries, and lead-acid batteries.

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Electrochemical energy storage startup SPARKZ licenses ORNL cobalt-free battery tech

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Stealth-mode electrochemical energy storage startup SPARKZ Inc. has exclusively licensed five battery technologies from the Department of Energy’s Oak Ridge National Laboratory (ORNL) designed to eliminate the use of cobalt metal in lithium-ion batteries. I look at this as a very strategic partnership. SPARKZ, Inc.,

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SolarEdge, Kokam open 2GWh cell plant in South Korea

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SolarEdge Technologies and SolarEdge’s subsidiary, Kokam Limited Company, a provider of lithium-ion batteries and integrated energy storage solutions, announced the opening of “Sella 2”, a two gigawatt-hour (GWh) battery cell manufacturing facility. The opening of Sella 2 is an important milestone for SolarEdge.

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Direct lithium extraction company EnergyX secures $20M in funding commitments

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Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market. EnergyX) has secured commitments of $20 million in financing. tons by 2040.

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