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Mercom: Corporate funding for energy storage companies hit $26.4B in 2022; up 55% y-o-y

Green Car Congress

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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Toyota Launches Large-capacity Sweep Energy Storage System from Reused Electrified Vehicle Batteries Connected to the Electrical Power Grid

Electric Cars Report

and Toyota Motor Corporation announced the construction and launch of the world’s first, according to Toyota, large-capacity Sweep Energy Storage System. The system was built using batteries reclaimed from electrified vehicles (HEV, PHEV, BEV, and FCEV) and is connected to the consumer electrical power grid.

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XL Fleet launches XL Grid division with charging infrastructure solutions

Green Car Congress

XL Fleet, a leading provider of vehicle electrification solutions for commercial and municipal fleets, has entered into a partnership with a commercial EVSE (electric vehicle supply equipment) supplier to begin the launch of its XL Grid division. XL Fleet intends to continue expanding its XL Grid division to meet these energy demands.

Grid 303
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Toshiba delivers two SCiB Li-ion grid energy storage systems

Green Car Congress

Toshiba Corporation has delivered battery energy storage systems integrating the company’s SCiB Li-ion battery ( earlier post ) to Kyushu Electric Power Co., for a demonstration project to expand introduction of renewable energy sources on remote islands. The demonstration program will run for three years to fiscal 2016.

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Wanxiang and NEC to form joint venture for grid energy storage in China

Green Car Congress

China Wanxiang Holding announced the planned formation of a joint venture between its wholly-owned subsidiary, Puxing Energy, and NEC Corporation to pursue grid energy storage opportunities in the Chinese market.

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Hydro-Québec and Sony forming JV to develop large-scale Li-ion energy storage system for power grids

Green Car Congress

Hydro-Québec and Sony Corporation will establish a joint venture to research and develop a large-scale energy storage system for power grids. Furthermore, the energy storage system for such power supplies must be highly safe and reliable due to the need for an efficient and stable source of high capacity power.

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China’s State Grid and BYD launch 36 MWh battery system for grid energy storage

Green Car Congress

BYD and the State Grid Corporation of China (SGCC) have finished construction on what may be the world’s largest battery energy storage station. The State Grid system is demonstrating a stable solution for transferring vast amounts of renewable electricity safely to the grid on an unprecedented scale.