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

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

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The US Department of Energy is awarding $620 million for projects around the country to demonstrate advanced Smart Grid technologies and integrated systems. The selected projects include advanced battery systems (including flow batteries), flywheels, and compressed air energy systems. NSTAR Electric & Gas Corporation (MA).

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Hydrogenics wins order from E.ON for power-to-hydrogen-gas energy storage project in Germany

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Electrolysis company Hydrogenics Corporation has received an order from E.ON The 2 MW energy storage facility, to be located in Falkenhagen in northeast Germany, will use surplus renewable energy sources to produce hydrogen for storage in the country’s existing natural gas pipeline network.

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Sysco unveils vision for first EV hub: 40 electric tractors and refrigerated trailers; 4MWh ESS and 1.5MW additional solar

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Sysco Corporation, the world’s largest food distributor, unveiled its vision for the Riverside Electric Vehicle Hub, which will transform the company’s distribution center into the focal point of its electrified fleet. and add 2,800 electric trucks to its US fleet by 2030.

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

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BYD and the State Grid Corporation of China (SGCC) have finished construction on what may be the world’s largest battery energy storage station. Although BYD manufactures 1GW of solar panels annually, their role in this project was primarily providing energy storage batteries in arrays larger than a football field.

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

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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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ARPA-E awards $43M to 19 energy storage projects to advance electric vehicle and grid technologies

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The US Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) has selected 19 new projects to receive a total of $43 million to develop breakthrough energy storage technologies and support promising small businesses. Advanced Management And Protection Of Energy-Storage Devices (AMPED).