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. Smart Grid. Batteries Market Background Smart Grid

2020 78

Mercom Capital: VC funding for battery storage companies up 139% YoY in 1H 2019 to $1.4B; led by Northvolt financing

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Announced debt and public market financing activity in the first half of 2019 ($547 million in five deals) was 275% higher compared to the first half of 2018 when $146 million was raised in six deals. Total corporate funding (including venture capital funding, public market, and debt financing) for battery storage, smart grid, and efficiency companies in 1H 2019 was flat with $2.3 Smart Grid.

2019 74

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Lux Research: smart grid, energy storage, and EV M&A hits $2.4B in 1H 2011; start-ups selling at bargain prices

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Merger and acquisition (M&A) deals in the smart grid, energy storage, and electric vehicle (EV) sectors during the first six months of 2011 already totaled twice those made during all of 2010, and many more cash-starved start-ups are due for the auction block, according to a new report from Lux Research. All told, the electric vehicle, smart grid, and energy storage sectors saw a total of thirteen transactions in 2010, and another twelve during the first half of this year.

2011 100

Danish Parker project developing universal definition for EV integration with electric grid for V2G services

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Nissan, Mitsubishi Corporation, Mitsubishi Motors Corporation, PSA Groupe, NUVVE, Frederiksberg Forsyning, Enel, Insero and DTU (Technical University of Denmark) Electrical Engineering (PowerLabDK) are partnering in the Danish project Parker to develop a universal definition for grid integration for electric vehicles. Furthermore, the project will produce a Grid Integrated Vehicle (GIV) certificate that demonstrates the ability of electric vehicles to support such parameters.

2017 81

Mercom: battery storage, smart grid, and efficiency companies raised $1.3B+ in VC funding in 9M 2018

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Global VC funding (venture capital, private equity, and corporate venture capital) for Battery Storage, Smart Grid, and Efficiency companies in the first 9 months (9M) of 2018 was 8% higher at more than $1.3 Smart grid.

2018 91

Mercom Capital report: VC funding up for battery storage, down for smart grid, efficiency companies in 1H 2018 YoY

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Total corporate funding (including venture capital funding, public market, and debt financing) in 1H 2018 was down with $2.4 The decline in funding in 1H was due to lower funding activity in Smart Grid and Efficiency categories while funding increased in the Battery Storage sector.

2018 85

Mercom: battery storage, smart grid, and efficiency companies raise $210M in VC funding in Q1 2019, down 55.5% YoY

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A combined $210 million was raised by battery storage, smart grid, and energy efficiency companies in Q1 2019—a 55.5% Total corporate funding (including VC, debt, and public market financing) in battery storage came to $130 million in nine deals compared to $110 million in 14 deals in Q4 2018. There were no debt and public market financing deals announced in Q1 2018. Smart Grid. billion was raised in two debt financing deals in Q1 2018.

2019 64

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewables account for approximately 10-15% of the global energy infrastructure investment and according to New Energy Finance renewables have been hit hard by the global recession with a 47% in Q1 2009 vs. Q1 2008 ($13.3 by Bill Cooke.

Volvo Car Corporation, Ericsson and partners in plug-in vehicle smart on-board charging research project

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Volvo Car Corporation, Ericsson, the utility company Göteborg Energi and the Viktoria Institute are collaborating in the research project ELVIIS (Electric Vehicle Intelligent Infra Structure) to develop a concept for using intelligent infrastructure for the smart on-board charging of plug-in vehicles. Using the mobile network, the car then communicates with the grid and sets the charging scheme in order to support optimal utilization of the grid and most favorable energy price.

2012 84

CPV, GE, DGC secure largest US thermal power project financing in 2011 for 800 MW gas-fired power plant; 23 banks to provide nearly $800M in credit facilities

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Additional details of the financing were not disclosed. With all permits finalized and the debt financing in place, Gemma Power Systems California, Inc. Competitive Power Ventures, Inc.

2011 93

A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

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announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 The agreement also included provisions through which Johnson Controls intends to license back to A123 certain technology for its grid, commercial and government businesses.

2012 78

MassCEC Approves $5M Forgivable Loan for A123 Systems; Targeted at Expansion for Grid Storage Systems

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With the new expansion, A123 Systems will assemble and commission grid-storage battery systems in Massachusetts. Under the terms of the MassCEC financing, A123 will double its Massachusetts employment to more than 500 by 2014. A123 Systems has added more than 50 corporate and research and development jobs in Massachusetts in the last year associated with its expanded US manufacturing capacity in Michigan.

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

People-Oriented Development Current Status of REDD Financing the Fifth Fuel Peak Phosphorus - Commence Urine Recyling on Space. Vehicle to Grid (V2G) technology is a bi-directional electric grid interface that allows a plug-in to take energy from the grid or put it back on the grid. The Smart Grid Consortium, established in December 2007 by Xcel Energy, will select a community of approximately 100,000 residents to become a Smart Grid City using V2G.

2009 28

Greenius & Obama Celebrate Our First 100 Days!

Creative Greenius

April 14, 2009 GRID Alternative solar install for Habitat for Humanity. And when I say “we&# I mean GRID Alternatives the non-profit whose mission is to empower communities in need by providing renewable energy and energy efficiency services, equipment and training.

Obama 130

A Well Earned, Guilt Free #YearOfJoe

Creative Greenius

I also kept working for major corporate clients as a writer, creative director, brand strategist and subject matter expert. I began writing my Creative Greenius blog and soon earned press credentials for topics like electric vehicles and financing of renewable energy projects.

2017 207

GE and Better Place Partner to Accelerate EV Infrastructure Deployment; Integrating GE WattStation with Better Place Services

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The partnership combines GE’s global scale, broad technology portfolio, smart grid expertise, and its new WattStation Level 2 electric vehicle charger ( earlier post ) with Better Place’s EV services and infrastructure solution. GE’s WattStation. Click to enlarge.

2010 102

Bosch, Toyota and startups join CalCharge energy storage effort

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CalCharge , a California initiative designed to accelerate breakthrough energy storage technologies, welcomed six new member companies, including Bosch and Toyota Motor Corporation. CalCharge brings together emerging and established companies, academic and research institutions, government bodies, and financing sources to jumpstart a new era of energy storage technologies for the electric/hybrid vehicle, grid, and consumer electronics markets.

2015 77

ITM Power to study large-scale production of renewable hydrogen in British Columbia; export to Japan and California

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Once fully financed, the contract value of the pilot plant will be added to ITM Power’s opportunity pipeline. The project team includes ITM Power, Chiyoda Corporation, Mitsui & Co., British Columbia’s grid is one of the cleanest in the world in terms of carbon emissions, with 92% of the power generated by hydro, and has competitive electricity rates.

2018 69

Greenius Goes All AB 811 Over Green Task Force

Creative Greenius

Creative Greenius talks AB 811 Financing to the Green Task Force / photo (c) Debra Bushweit Galliani. For the past two decades I’ve been one of the top freelance pros in the United States doing this kind of work for my multinational corporate clients.

2009 142

Plug-in cars: Moving Forward

Plugs and Cars

The taxpayer is financing the American automakers’ survival and their future. million FedEx will get to replace grid-connected zero emission battery forklifts with fuel cell forklifts. million, resulting in a net emissions and petroleum increase as grid electricity is replaced with non-renewable hydrogen hauled in diesel trucks. The push for hydrogen fuel cell and ethanol vehicles is essentially driven by the corporations with an interest.

2009 100

SEPTA, Constellation, and Viridity Energy to deploy 8.75MW energy storage system to capture and reuse subway train braking energy

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An 8.75MW battery storage network which will capture and reuse the energy created by braking subway cars will help Southeastern Pennsylvania Transportation Authority (SEPTA) reduce operating costs, ensure energy resiliency, and support the stability of the electrical grid.

2016 85

Lishen and ZAP in strategic alliance; funding for several thousand EV conversions in US

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ZAP, and electric vehicle company based in California, has entered into a strategic alliance with Tianjin Battery Company Ltd ( Lishen ), through which Lishen will provide financing for several thousand full vehicle EV conversions of US fleet vehicles using Lishen’s latest Li-ion battery technology and ZAP’s proprietary patented Vehicle Control Unit (VCU). ZAP plans to utilize this financing alliance to pursue other volume fleet opportunities in the Americas and SE Asia.

2014 78

Bank of America joins Stanford’s Global Climate & Energy Project

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The GCEP collaboration expects to benefit from the bank’s expertise in financing sustainable businesses dedicated to addressing climate change and advancing low-carbon solutions. Bank of America’s member on the GCEP management committee will be James Mahoney, the bank’s corporate communications and public policy executive.

2013 76

Beacon Power Flywheel Energy Storage Plant Approved for Construction by New York State Public Service Commission

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The New York State Public Service Commission (PSC) has granted the Beacon Power Corporation a Certificate of Public Convenience and Necessity (CPCN) for its proposed 20 MW flywheel frequency regulation plant in Stephentown, New York, and approved the project’s overall financing. Conventional approaches to frequency regulation—balancing grid power generation with load—vary the power output from fossil-fuel or hydro generators connected to the electric grid.

2009 60

Solar Smackdown in Torrance – Installer Sues City on Behalf of the Sun

Creative Greenius

I went and spoke to their City Council and said “For $50,000 a house I’ll put in solar AND battery systems and take you off the grid. If you’re going to do it, take the homes off the grid. That’s pretty mean to the rest of the grid. It’s expensive and my clients don’t finance.

Solar 165

A123 Systems Opens Li-ion Automotive Battery Manufacturing Plant in Michigan

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In addition to the DOE grant, the company received $125 million in state incentives from Michigan as part of its 21 st Century Jobs Fund to help finance these manufacturing facilities. A123’s customer list includes BAE, Eaton, Fisker, Navistar, Shanghai Automotive Industry Corporation (SAIC) and other global automakers and heavy-duty vehicle manufacturers.

2010 68

Liquid Metal Battery Corp secures patent rights from MIT

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Liquid Metal Battery Corporation (LMBC), a Cambridge, Massachusetts company founded in 2010 to develop new forms of electric storage batteries that work in large, grid-scale applications, has secured the rights to key patent technology from MIT. Earlier this year, the company announced it had received financing from France’s Total—which earlier had funded research on the technology at MIT ( earlier post )—and from a personal investment by Bill Gates.

MIT 74

Liquid metal battery company Ambri raises $35M in Series C

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Ambri, developer of Liquid Metal Battery grid-scale energy storage technology, closed a $35-million Series C equity financing. Ambri (formerly Liquid Metal Battery Corporation) is developing an electricity storage solution that was invented in the lab of Dr. Donald Sadoway, a professor at the Massachusetts Institute of Technology, along with Dr. David Bradwell (Ambri’s Chief Technology Officer and co-founder).

2014 74

Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

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Enable smart charging and vehicle grid integration through solutions such as demand response, and other energy storage and load management strategies. National Grid. Charging infrastructure financing: Unlocking Up $4.5 The partnership will address these questions to provide the necessary information for the basis of a dialogue with stakeholders to help define public-private partnerships, funding, and financing models for implementing a national fast charging network.

2016 95

A123 Systems in non-binding MoU with Wanxiang for strategic investment of up to $450M; Wanxiang would own up to 80% of A123 common stock

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A123 Systems, a developer and manufacturer of advanced lithium-iron phosphate batteries and systems, signed a non-binding memorandum of understanding (MOU) with Wanxiang Group Corporation establishing the framework for a strategic investment through which Wanxiang would invest up to $450 million in A123. Through its subsidiaries, including Wanxiang America Corporation, it has more than 3,000 US-based employees.

2012 91

AE Biofuels secures additional $3.5M for Start-up of 55M gpy ethanol plant; cellulosic to come

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million financing with Third Eye Capital Corporation. MW), thus eliminating dependence on the state’s electrical grid. AE Biofuels, Inc. announced that its wholly-owned advanced ethanol subsidiary AE Advanced Fuels Keyes, Inc., closed a $3.5 The funds will be used to restart and operate a 55 million gallon per year ethanol plant located in Keyes, California. In November 2010, AE Keyes received $4.5

2011 71

Energy 2030 outlines steps to double US energy productivity by 2030; spend $166B a year to net savings of $327B

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Establish state and local programs for financing of efficiency measures, which may use repayment on utility bills or on property tax bills (the capital could be provided by institutional investors). Make all cost-effective efficiency improvements to federal buildings, using private financing and public funds. Ensure major government and regulated infrastructure spending on energy grids, transportation infrastructure, and water and waste systems increases energy productivity.

2013 81

A123 Systems and Wanxiang execute definitive agreements for investment of up to $465M in A123

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US-based Li-ion battery manufacturer A123 Systems announced the execution of definitive agreements with China’s Wanxiang Group Corporation, which follows the non-binding memorandum of understanding (MOU) that A123 signed with Wanxiang on 8 August 2012. A123 Systems expects the full investment from Wanxiang will provide it with the capital necessary to strengthen its competitive position in the global vehicle electrification and grid energy storage markets.

2012 80

Addax Bioenergy signs loan agreement for €258M renewable energy project in Sierra Leone; sugarcane ethanol and biomass power

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The power plant will provide renewable electricity for the ethanol refinery and will supply approximately 20% of Sierra Leone’s national grid. In addition to the independent studies that have already been conducted and are publicly available, the financing partners will perform on-going monitoring to ensure that the project fully meets its commitments. Addax Bioenergy S.A. ,

Rusnano and I2BF invest $20M in Nesscap; production and research in Russia

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Nesscap will use the proceeds from this financing for the establishment of a full-scale production facility for ultracapacitors and accompanying research center in the Russian Federation (US $15,000,000) and for the expansion of Nesscap’s current manufacturing and core R&D operations in Korea and for general corporate purposes (US $5,000,000). The project is aimed towards the growing transportation industry, grid stabilization and renewable energy applications.

Electrification Coalition Roadmap Calls for 75% of Light-Duty Vehicle Miles Traveled in the US to Be Electric by 2040

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Achieving this will require a minimum of 25% of new light-duty vehicles purchased in the US to be grid-enabled vehicles (GEV) by 2020. This is defined as the point at which grid-enabled vehicles represent 25 percent of new LDV purchases. ” The roadmap report examines the challenges facing electrification, including battery technology and cost, infrastructure financing, regulatory requirements, electric power sector interface, and consumer acceptance issues.

2009 80

US DOE announces 3 consortia for $125M US-India Joint Clean Energy Research and Development Center; solar, second-generation biofuels and buildings

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The Deployment track (PACE-D) includes a Clean Energy Finance Center, the public-private Energy Cooperation Program, and a range of bilateral cooperative activities. Since its inception, PACE has mobilized more than $1 billion dollars towards clean energy projects, including smart grid development; energy efficiency in buildings, appliances, and industries; and a wide range of renewable energy technologies, including solar, wind, and advanced biofuels.

India 83

Berkeley Lab researchers develop Bchain protocol to make blockchain more robust

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Several banks, corporations, governments and scientists have already implemented some form of blockchain to inexpensively, securely and expediently store and share information. The Linux Foundation is currently hosting an open-source collaboration called Hyperledger to develop blockchain technologies that will be useful for a variety of applications in healthcare, finance, supply chain and science research, among others.

2018 60

Chinese automakers bring hybrids and plug-ins to Detroit, Geneva auto shows

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As a listed company in both Hong Kong and Shanghai stock markets, GAC Group’s main business covers vehicle and component R&D; manufacturing; sales & logistics; automotive finance/insurance; and relevant services. The E-JET concept range extended electric vehicle from GAC. Click to enlarge.

2013 115

Deutsche Bank CCA report highlights Chinese global leadership toward a low-carbon economy; 12th Five-Year Plan

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Transmission lines for renewable are also targeted for expansion as part of State Grid of China’s announced plans to invest RMB 500 billion (US$76.7 project finance activity in the several areas of renewable power farm development.

2011 100

A123 Systems 8K filing says substantial doubt about its ability to continue as a going concern; status of grants and incentives

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Although the Company’s intent is to improve its operating efficiencies and to obtain additional financing, there is no assurance that the Company will be able to obtain such financing on favorable terms, if at all, or to successfully further reduce costs in such a way that would continue to allow the Company to operate its business.

2012 99

Texas Clean Energy Project signs long-term CO2 offtake agreement with Whiting Petroleum for enhanced oil recovery; 90% CO2 capture from IGCC coal polygen plant

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The project’s front end engineering design (FEED) study was launched in June 2010 by Fluor, Siemens and Selas Fluid Processing Corporation, a Linde Group subsidiary. the regional electrical grid by a high voltage transmission line system.

2011 88

Pike Research makes 10 electric vehicle predictions for 2013

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Battery swapping gives way to battery financing. Corporations are much better equipped to repurpose end-of-life EV batteries than individuals and will be able to sell into the growing market for grid energy storage.

2012 120