article thumbnail

Mercom: battery, smart grid, energy efficiency companies raised $2.3B in VC funding in 2019; 18% lower than 2018

Green Car Congress

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. Total corporate funding, including debt and public market financing, increased to $2.8 Smart Grid.

2019 195
article thumbnail

Mercom Capital Group: Battery storage, smart grid & efficiency companies raise $3.2B in funding in Q3 2020; up 165% QoQ, 777% YoY

Green Car Congress

Mercom Capital Group, LLC, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the global Battery Storage, Smart Grid, and Energy Efficiency sectors for the third quarter (Q3) and first nine months (9M) of 2020. Corporate funding in Q3 2020 came to $2.8

2020 221
article thumbnail

TerraPower closes $750M fundraise; SK invests $250M

Green Car Congress

The Natrium technology has a 345MW sodium fast reactor coupled with a molten molten salt integrated energy storage system that will provide clean, flexible energy and stability for the grid. Perkins Coie LLP acted as outside corporate counsel to TerraPower. Credit Suisse acted as the exclusive placement agent to TerraPower.

article thumbnail

Xcel Terms First Phase of Sodium-Sulfur Battery Wind Energy Storage Test Project Successful

Green Car Congress

In October 2008, Xcel began testing a one-megawatt sodium-sulfur (NaS) battery ( earlier post ) to demonstrate its ability to store wind energy and move it to the electricity grid when needed. —Frank Novachek, Xcel Energy director of corporate planning. A final report is expected in summer 2011.

article thumbnail

DOE Awarding $620M for Smart Grid Demonstration and Energy Storage Projects

Green Car Congress

The US Department of Energy is awarding $620 million for projects around the country to demonstrate advanced Smart Grid technologies and integrated systems. Smart grid regional demonstrations involving plug-in vehicles include (ranked by DOE funding): Columbus Southern Power Company (doing business as AEP Ohio).

article thumbnail

GE to Open Sodium-Metal Halide Battery Plant in New York

Green Car Congress

GE Chairman and CEO Jeff Immelt shows a sodium-metal halide battery cell at the press conference announcing the battery plant. GE says the planned facility will produce approximately 10 million sodium-metal halide cells each year—equivalent to 900 MWh of energy storage, or enough to support 1,000 GE hybrid locomotives. Earlier post.).

Sodium 191
article thumbnail

NYSERDA Commits $8M to Develop and Commercialize 19 New York Battery and Energy-Storage Technology Projects

Green Car Congress

The awards are being made to companies and universities across New York that are involved in advanced research and development of energy storage applications that could benefit transportation, utility Smart Grid applications, renewable energy technologies, and other industries. Ultralife Corporation. Murray, Jr., SUNY Binghamton.