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Mercom Capital Group: Battery storage, smart grid & efficiency companies raise $3.2B in funding in Q3 2020; up 165% QoQ, 777% YoY

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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.

2020 221
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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. Smart grid regional demonstrations involving plug-in vehicles include (ranked by DOE funding): Columbus Southern Power Company (doing business as AEP Ohio).

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Mercom: battery, smart grid, energy efficiency companies raised $2.3B in VC funding in 2019; 18% lower than 2018

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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. Smart Grid. There were no IPOs announced for Smart Grid companies in 2019.

2019 195
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EaglePicher receives follow-on $3M award from ARPA-E to continue work on planar sodium-beta batteries

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EaglePicher Technologies, LLC, (EPT), an OM Group, Inc. Under their continued work with ARPA-E, EaglePicher will focus its research on improving scalability for their Sodium-Beta (Na-β) battery by developing an inexpensive stacked design to improve integration in renewable and grid storage applications.

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BASF announces winners of the open innovation contest on energy storage

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A novel rechargeable zinc battery from the research group of Professors Paul Wright and James Evans from the University of California, Berkeley. The research group of Professor Xiangwu Zhang from North Carolina State University presents the concept of high-performance sodium-ion batteries that applies special electrode preparation methods.

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TerraPower closes $750M fundraise; SK invests $250M

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SK Group is among South Korea’s largest energy providers and the second-largest conglomerate. This fundraise enhances TerraPower’s work in advanced nuclear energy technologies and nuclear medicine. This is one of the largest advanced nuclear fundraises to-date. The fundraise was co-led by SK Inc. SK invested $250 million.

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EV Guru: Sodium-Ion Batteries are Coming Sooner Than You think!

Plug In India

In India, OLA Electric and Tata group have plans to make cells at a large scale. Demand for the element is so great for applications including electric vehicles, portable electronic devices, and stationary energy units, that lithium mining companies are struggling to keep up. Sodium is bigger and heavier than lithium cell.

Sodium 59