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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
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.). Aqueous hybrid ion chemistry. Source: Aquion. Click to enlarge.
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.
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. Struggling electric vehicle manufacturer CODA Holdings, Inc.
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.
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
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.
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.
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.
The 40-foot Proterra ZX5 Max selected by Pace features 675 kilowatt hours (kWh) of energystorage—the most onboard energystorage available in an electric transit bus on the road in North America today. Proterra 40' ZX5 Max.
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.
Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. billion raised—up 63% on the previous year. The 2Q figure, at $3.9
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.).
This figure includes investment in projects—such as renewables, storage, charging infrastructure, hydrogen production, nuclear, recycling and CCS—as well as end-user purchases of low-carbon energy devices, such as small-scale solar systems, heat pumps and zero-emission vehicles.
Mercedes-Benz Energy and Vivint Solar announced an exclusive strategic collaboration to bring the Mercedes-Benz customizable home energystorage system to the US. The storage systems are made to Mercedes-Benz quality standards and based on the same automotive-grade battery technology used in its electric and hybrid vehicles.
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.
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.
Ionic Materials has secured $65 million in a Series C financing round from a leading group of financial and strategic investors. Through this approach, it will reach the broadest market segments and establish a complete ecosystem of cell manufacturers serving the consumer electronic, electric vehicle and energystorage markets.
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.
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.
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).
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.
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.
recently closed initial private placement equity financing for total gross proceeds of approximately US$42 million. According to Fairweather, the collaboration with Exro will focus on utilizing electric truck batteries for energystorage applications. SEA Electric Holdings Pty Ltd. SEA-Drive 120b Power-System.
The growth capital and Chinese government incentives will be used predominantly to scale manufacturing, research and development, and business development activities in China for the company’s energystorage technology and products.
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. Earlier post.).
million) Round A financing lead by Up Invest, an Estonian private equity investor. Skeleton says the financing will be used to meet increasing demand for high performance energystorage solutions. SkelCap ultracapacitors have up to a power density of 80 kW/L and energy density of 14 Wh/L. million (US$2.9-million)
Recovery and reuse of braking energy is well proven and is now widely used in hybrid electric vehicles and, more recently, by bus operators the world over. As a competitive energy supplier, we aim to provide our customers with the best long-term economic and business solutions for how their energy is produced and supplied.
And the news of completion of Tesla's stationery energystorage in Shanghai adds to Tesla's near-term profit picture an expected USD 1 B per quarter. The larger the fleet the greater the FSD learning velocity, and the sooner it can recognize huge hibernating profits as soon as its FSD adoption criteria are met.
The awardees went through a rigorous process including a review with CalSEED’s curated technical advisory committee, who volunteered their time and expertise to select the most promising future clean energy technologies. that boosts the energy capacity via nanotechnology-enabled self-assembly of functional nanocomponents, reducing?the
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.
Amprius is financed by leading investors including Trident Capital, VantagePoint Capital Partners, IPV Capital, and Kleiner Perkins Caufield & Byers. Silicon Nanostructure-based Technology for Next Generation EnergyStorage (Amprius, 2012 DOE Merit Review). Batteries'
The funding will also support A123’s efforts to develop applications for the smart grid, such as utility-scale energystorage. GE Energy Financial Services and GE Capital’s Equity unit provided $15 million of the amount raised by A123 in this financing. GE will develop the dual battery energystorage system.
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.
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.
Seattle, Washington-based EnerG2 , a seven-year-old company focused on introducing advanced nano-structured materials for next-generation energystorage, broke ground on its first facility dedicated to the commercial-scale production of synthetic high-performance carbon electrode material for use in ultracapacitor energystorage devices.
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. billion.
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