article thumbnail

DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project

Green Car Congress

The US Department of Energy (DOE) closed on a $504.4-million million loan guarantee to the Advanced Clean Energy Storage 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.

article thumbnail

Northvolt & Mälarenergi partner to deploy battery energy storage for EV charging

Green Car Congress

Northvolt and Mälarenergi are partnering to establish a battery energy storage 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.

article thumbnail

ŠKODA collaborates with IBG ?esko on second-life battery energy storage system; up to 328 kWh

Green Car Congress

ŠKODA AUTO, a subsidiary of the Volkswagen Group, is introducing a smart energy storage system using second-life batteries from electric vehicles. Following a successful pilot project in Prague, the energy storage units are now available to ŠKODA contract dealers. In partnership with the Czech technology company IBG ?esko,

article thumbnail

DOE releases draft energy storage grand challenge roadmap and requests stakeholder input

Green Car Congress

The US Department of Energy (DOE) released the Energy Storage Grand Challenge Draft Roadmap and a Request for Information (RFI) seeking stakeholder input on the Draft Roadmap. Categories of storage included in the Energy Storage Grand Challenge. Over the Fiscal Years 2017-2019, DOE has invested more than $1.2

article thumbnail

Aqueous hybrid-ion battery company Aquion completes $55M financing round

Green Car Congress

Aquion Energy, Inc., a developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and stationary energy storage systems, recently completed the closing of a $55-million Series D financing round. Earlier post.). Aqueous hybrid ion chemistry. Source: Aquion. Click to enlarge.

Financing 301
article thumbnail

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

Green Car Congress

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.

article thumbnail

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

Green Car Congress

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.