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The US Department of Energy (DOE) closed on a $504.4-million million loan guarantee to the Advanced Clean EnergyStorage project in Delta, Utah (ACES Delta)—marking the first loan guarantee for a new clean energy technology project from DOE’s Loan Programs Office (LPO) since 2014.
Northvolt and Mälarenergi are partnering to establish a battery energystorage system at an electric vehicle charging station in Västerås, Sweden. The battery system will provide power output up to 220 kW and a usable energy capacity of 320 kWh. —Emad Zand, President Energy Solutions, Northvolt.
Merger and acquisition (M&A) deals in the smart grid, energystorage, 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.
ŠKODA AUTO, a subsidiary of the Volkswagen Group, is introducing a smart energystorage system using second-life batteries from electric vehicles. Following a successful pilot project in Prague, the energystorage units are now available to ŠKODA contract dealers. In partnership with the Czech technology company IBG ?esko,
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 energystorage, smart grid, and energy efficiency sectors. Corporate funding for energystorage, smart grid, and energy efficiency companies.
The US Department of Energy (DOE) released the EnergyStorage Grand Challenge Draft Roadmap and a Request for Information (RFI) seeking stakeholder input on the Draft Roadmap. Categories of storage included in the EnergyStorage Grand Challenge. Over the Fiscal Years 2017-2019, DOE has invested more than $1.2
Eos EnergyStorage, a developer of zinc-air grid-scale battery technology, completed its $15-million Series B financing round with participation from a syndicate of 21 strategic and financial investors. based NRG Energy, Inc. Eos is NRG’s first investment in the energystorage industry. Based on the.
Energystorage 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.
completed a financing for C$5 million (US$4.96 This financing provides valuable working capital for future growth, including certain strategic initiatives. we continue to grow and address new opportunities in the clean transportation and stationary energystorage markets. Canada-based Li-ion battery maker Electrovaya Inc.
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. Battery Storage. Smart Grid. billion compared to $2.8 billion in 2018.
CalCharge , a California initiative designed to accelerate breakthrough energystorage technologies, welcomed six new member companies, including Bosch and Toyota Motor Corporation. The CalCharge CRADAs also help national labs, funded by the Department of Energy, find and work with pioneering companies. CalChargeLLNL.
Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Renewable energy investment slightly declined in 2018, with modest growth through 2019.
The solicitation was designed as a call for early-stage clean energy innovations that fall within five defined technology areas: energy efficiency; energystorage; AI/machine learning; advanced power electronics/power conditioning; and zero- and negative-carbon emission generation. the cost of energystorage?by
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. Battery Storage.
a provider of energy intelligence software (EIS), will collaborate with Tesla on the deployment and management of energystorage systems in commercial and industrial buildings. Tesla announced its PowerWall line of stationary Li-ion battery storage systems last night. EnerNOC, Inc., Earlier post.).
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. In September 2009, A123 raised $378 million in its initial public offering.
Skeleton Technologies , an energy-storage start-up located in Tartu, Estonia, was recently awarded a US patent ( #7,803,345 ) on its nanoporous carbon powder supercapacitor material. The patented material has also shown superior characteristics in molecular sieving, hydrogen storage and in electroactive devices, Skeleton says.
Volvo Buses is participating in a research project in which used electric bus batteries are used as solar energystorage units. Batteries from electric bus route 55 in Gothenburg, Sweden are being used for solar energystorage in a second-life application. IRIS is a Light House project, financed by EU HORIZON 2020.
24M Technologies launched as a new venture focused on commercializing next-generation energystorage systems based on technology out of A123 Systems. 24M will initially focus on gridstorage applications. 24M will initially focus on gridstorage applications. Earlier post.).
This is a transformational project for Electrovaya as it instantly brings manufacturing capacity to meet demand for the company’s energystorage products. Gigawatt hour (GWh) nominal energystorage capacity. Financing is planned through debt and grants.
Amprius’ plan, outlined at the DOE Merit Review in 2012, is to start with consumer electronics and move to vehicle and gridstorage markets. a developer of lithium-ion batteries using silicon nanowire anodes ( earlier post ), has launched the first generation of its high-capacity and high-energy-density Li-ion batteries.
A combined $210 million was raised by battery storage, smart grid, and energy efficiency companies in Q1 2019—a 55.5% decrease from the $472 million raised in Q1 2018, according to a new report from Mercom Capital Group, llc, a global clean energy communications and consulting firm. Smart Grid.
The Brookville Smart Energy Bus Depot is a first-of-its-kind integration of microgrid and EV charging infrastructure. AlphaStruxure will design, build, finance, own and operate the project to enable Ride On’s growing electric bus fleet.
TAE Power Solutions intends to deliver a novel technology to improve fundamentally the reliability, efficiency, longevity, and affordability of electric-powered products, from vehicles to renewable energystorage. The path to Power Solutions began with TAE solving a power problem for fusion. billion.
A123Systems has raised $69 million from GE and other investors to accelerate the expansion of its US lithium-ion battery manufacturing and smart grid capabilities. The funding will also support A123’s efforts to develop applications for the smart grid, such as utility-scale energystorage.
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. An expansion of SEPTA’s 1.8
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. Earlier post.). Commission Chairman Garry Brown.
Widely ignored, although gaining attention, is China’s strategic positioning as a crucial gatekeeper to several key “green” technologies, including battery energystorage to support electric vehicles (EVs)—specifically, battery electric vehicles (BEVs)—along with stationary storage for power grids.
for its grid, commercial and government businesses. regarding strategic alternatives for its grid, commercial, government and other operations, and has received several indications of interest for these businesses. million in “debtor in possession” (DIP) financing to support continued operations. commercial businesses.
The e-gas project consists of two main components: Audi is contributing to the construction of offshore North Sea wind turbines which will generate clean power,that is then fed into the public power grid. If necessary, this energy can flow from the gas network back to the power grid at any time. Rated at 3.6
This innovative potential partnership leverages state-of-the-art BYD and Nuvve technologies and will provide access to Stonepeak’s financing, which will lower the cost of medium- and heavy-duty battery electric vehicle adoption for fleets of all types including mass transit, municipalities, last mile delivery and school districts.
South 8 Technologies, a developer of electrolyte formulations for next-generation lithium batteries, has raised $12 million in Series A financing, led by Anzu Partners with participation from LG Technology Ventures, Shell Ventures, Foothill Ventures, and Taiyo Nippon Sanso Corporation (TNSC).
Eos Energy, a provider of safe, scalable, efficient, and sustainable zinc-powered long-duration stationary energystorage systems, announced Project AMAZE (American Made Zinc Energy), a $500-million planned expansion and a significant milestone to build 8 GWh of clean energystorage production capacity.
The US Department of Energy (DOE) is awarding a combined $2.8 billion to 21 projects to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. Earlier post.) Of that, $1.6
After undergoing multiple iterations, the latest version released for trial will undergo extreme weather conditions, using Lishen’s battery pack with improved energy efficiency and reliability. ZAP will begin financing discussions with fleet operators pending successful completion of the trial which is likely to run through the winter season.
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. —Luis Ortiz, LMBC’s President.
FreeWire Technologies, a developer of ultrafast electric vehicle (EV) charging and energy management solutions, raised $125 million in new capital. The financing consists of a Senior Convertible Note provided exclusively by funds and accounts managed by BlackRock Financial Management, Inc.
sonnen, the European market leader for smart energystorage systems, announced a partnership with SolarWorld, the largest crystalline-silicon solar manufacturer in the US and PetersenDean, the nation’s largest residential roofing company with more than a million roofs under its belt. Guaranteed lifetime is 10,000 cycles or 10 years.
Under the auspices of the India Smart Grid Forum, the think tank founded as an umbrella organization over India’s 28 state utilities to provide thought leadership, share leading practices, and bring international insights to India, I’m delivering bi-weekly webinars framed by the Short List of Climate Actions That Will Work.
Wanxiang’s proposed investment in A123 is intended to create the capital structure necessary for the company to continue growing its core businesses, and alignment with Wanxiang is also expected to substantially strengthen A123’s access to the growing vehicle electrification and grid-scale energystorage markets in China.
The total worldwide manufacturing capacity of lithium-ion batteries for electric vehicles will greatly exceed supply unless demand by automakers increases significantly in the short-term, according to new research by Bloomberg New EnergyFinance (BNEF). As a result of the overcapacity, battery prices are poised to fall.
Energy Access. Solar Sister (Great Falls, Virginia) invests in women’s enterprises in off-grid communities in Africa. African Clean Energy (Lesotho) produces cookstoves that reduce smoke emissions and solar electricity for small electronics and LED lighting. Clean Energy Works (Washington, D.C.) Transportation.
Australian renewable energy Edify Energy has formally announced that its high-profile 150MW / 300MWh battery storage system has completed its financing. Full release here [link] #renewableenergy #energystoragesystems #edifyenergy — Edify Energy (@edify_energy) June 14, 2022.
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 gridenergystorage markets. Further, Wanxiang has demonstrated its commitment to partnering with and investing in U.S.
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