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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.
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,
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
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.
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.
Aquion Energy, Inc., a developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and stationary energystorage systems, recently completed the closing of a $55-million Series D financing round. Earlier post.). Earlier post.). Aqueous hybrid ion chemistry. Source: Aquion. Click to enlarge.
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.
has filed a voluntary petition under Chapter 11 in the US Bankruptcy Court, District of Delaware (Petition Nº 13-11153) to enable the reorganization of its business solely around energystorage based on its Li-ion battery systems. CODA diversified its business and formed CODA Energy two years ago.
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. and Fisher Brothers.
Energystorage, driven largely by electronics and plug-in vehicles, will grow at a compound annual growth rate of 8% to $50 billion in 2020, with significant shifts coming from the transportation industry, according to a new report by Lux Research. The report is part of the Lux Research EnergyStorage Intelligence service.
Boulder Ionics Corporation, a startup that has developed a novel, high-throughput, low-cost synthesis platform for producing ionic liquid electrolytes for use in advanced energystorage devices, completed a $4.3-million million Series A financing. With this $4.3
In 2021, global investment in the low-carbon energy transition totaled $755 billion, up 27% from $595 billion in 2020 and just $264 billion in 2011, according to Energy Transition Investment Trends 2022, a new report published by research firm BloombergNEF (BNEF). from the year prior. Germany, the U.K. degrees of global warming.
a Massachusetts company developing an innovative compressed air energystorage system, has signed an agreement with ConocoPhillips to develop compressed air energystorage (CAES) projects, beginning with a pilot project in Texas, using General Compression’s Advanced EnergyStorage (GCAES) technology.
million contract for 20 Proterra ZX5 Max electric transit buses, featuring more than 13 megawatt hours of battery storageenergy, and two Proterra megawatt-scale fleet chargers. Proterra and Pace Suburban Bus has awarded Proterra a $26.5-million Proterra 40' ZX5 Max.
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. This allows increased access to nanopores by the liquids, in turn raising the energy density. million in 2011 to $284.1 million during that period.
The California Sustainable Energy Entrepreneur Development (CalSEED) program announced that the fourth cohort of innovative clean energy concepts has been approved by the California Energy Commission (CEC); 28 companies out of 212 were selected to receive grants of $150,000 each.
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.
Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). Wind project financing was up 16% from 1H 2021, at $84 billion.
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.
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.
Mercedes-Benz Energy and Vivint Solar announced an exclusive strategic collaboration to bring the Mercedes-Benz customizable home energystorage system to the US. This will also be Mercedes-Benz Energy’s first collaboration with a US solar provider. Each energystorage system will consist of modular 2.5
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.).
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. Amprius is excited to work closely with OEM manufacturers to make high energy battery technologies available to consumers. Click to enlarge. Amprius Inc.,
The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. The detailed report— Need Nickel?
Aquion Energy , Inc., a developer and manufacturer of Aqueous Hybrid Ion (AHI) stationary energystorage systems, has completed the first closing of a $35 million Series D financing round. The batteries have shown high cycle life of more than 5,000 cycles at high rates, (100% DoD).
The US Department of Energy (DOE) has issued a draft solicitation that would provide up to $12.6 billion in loan guarantees for Advanced Nuclear Energy Projects. Currently, LPO supports a diverse portfolio of more than $30 billion in loans, loan guarantees, and commitments, supporting more than 30 projects nationwide.
TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. 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.
Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. EnergyX) has secured commitments of $20 million in financing. Rising global demand for electric vehicles and economic energystorage systems has led to projections showing an orders-of-magnitude increase in demand for lithium.
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. Saft will provide the lithium-ion battery technology.
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.
AREVA, Smart Energies through its subsidiary CETH 2 , and the ADEME (French Environment and Energy Management Agency) have created a joint venture—AREVA H 2 -Gen—to manufacture Proton Exchange Membranes (PEM) for the production of hydrogen from water and electricity. —Vianney de l’Estang, CEO of Smart Energies.
Ionic Materials has secured $65 million in a Series C financing round from a leading group of financial and strategic investors. The special properties of Ionic Materials’ polymer electrolyte allow the use of high-energy materials and support solid-state lithium-ion cells with little to no cobalt in their cathodes.
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.
Proterra launched Proterra Energy fleet solutions , a full suite of options that enable turnkey delivery of a complete energy ecosystem for heavy-duty electric fleets, including design, build, financing, operations, maintenance and energy optimization. —Proterra CEO Ryan Popple.
AlphaStruxure , a provider of Energy as a Service (EaaS) solutions, announced an agreement to deploy an integrated microgrid and electric bus charging infrastructure project for Montgomery County, Maryland. The Brookville Smart Energy Bus Depot is a first-of-its-kind integration of microgrid and EV charging infrastructure.
A new, broad measure of “energy transition investment”, compiled by BloombergNEF (BNEF), shows that the world committed a record $501.3 billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. Renewable energy investment.
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. billion compared to $2.8 billion raised in 2018. billion in 2018.
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.
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.).
We are now ramping up production to the volume of cells a year we need to address the constantly growing demand worldwide from customers who require reliable, high performance energystorage solutions. The 235,000-square-foot facility, which will employ 300 people once completely invested, was partly financed by a $95.5
and TAURON Polska Energia will implement a project titled “Second Life ESS” with the aim to create a prototype system to store electric energy based on retired electric bus batteries. The project is being co-financed by the National Center for Research and Development (NCBiR) in Poland.
It further strengthens our long-term commitment and focus on our Project as we work together with CATL to bring 3Q into full development by building a comprehensive financing plan. The closing of the CATL strategic investment validates the quality of our 3Q project and the capabilities of our management team.
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 grid storage applications. 24M will initially focus on grid storage applications. 24M will initially focus on grid storage applications.
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