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Volvo Energy invests $4.9M in Connected Energy for second-life battery business; 10% stake

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million) for a 10% stake in the UK-based second-life battery energy storage specialist Connected Energy. Together with Connected Energy, we will minimize the environmental impact of the batteries that have powered Volvo Group vehicles. The investment came as part of a £15-million (US$18.4-million) million) round.

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ENGIE New Ventures increases investment in 2nd-life battery company Connected Energy

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ENGIE New Ventures, the corporate venture fund of ENGIE, is participating in a new round of investment to further the development of Connected Energy. Based in the United Kingdom, Connected Energy uses end-of-life EV batteries to create energy storage systems. —Matthew Lumsden, CEO of Connected Energy.

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Germany providing another €100M to subsidize private charging stations; €500M total

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Germany is adding another €100 million to its successful promotion of private charging stations for electric cars in residential buildings, bringing the total to €500 million. Electrical connection. Purchase and installation of the wallboxes are supported with a grant of €900. —Federal Minister of Transport Andreas Scheuer.

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Volkswagen’s Elli and Elia Group partner to integrate EVs into the grid

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Through its subsidiaries in Belgium (Elia) and the north and east of Germany (50Hertz), the company operates 19,192 km of high-voltage connections. The signatories Elli, Elia and re.alto say that the batteries of electric vehicles can help stabilize grids as the share of volatile, renewable energies increases.

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ABI Research: connected services for consumer and commercial EVs to reach US$378M in revenues by 2030

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Subscriptions of connected services for consumer and commercial Electric Vehicles (EVs), such as charging-station locator, eco-routing, and EV telematics, will grow 270% from 2020 to 2024, reaching 7 million subscribers by 2024, according to global tech market advisory firm, ABI Research. Connected services for consumer EVs will reach 26.37

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Aral to build more than 100 350kW ultra-fast charging points at retail sites in Germany

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Following a successful 12-month pilot project at five of its retail sites, Aral, bp’s market leading fuel retail brand in Germany, is set to roll out more than 100 ultra-fast charging points across its retail network in Germany over the next 12 months.

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Porsche demos grid balancing capability of group of Taycan EVs with cloud-based pooling system

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A realistic pilot test conducted by Porsche, the grid operator TransnetBW and consulting firm Intelligent Energy System Services (IE2S), has demonstrated that electrical balancing power can be stored in the high-voltage batteries of an intelligent swarm of electric cars. The Porsche Home Energy Manager monitors energy and power consumption.

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