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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

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In its new report Energy Storage on the Grid (ESG), Pike Research forecasts that global spending in the ESG market will reach a little over $22 billion over the next 10 years. Energy storage on the grid is reaching a turning point. Installed revenue by ESG technology, worldwide. Click to enlarge. Earlier post.).

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Bidirectional Charging Management (BCM) research project gets green light; tying in renewables

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The research project will run for three years under the aegis of the German Aerospace Center (DLR) and with funding from the German Federal Ministry for Economic Affairs and Energy. This will effectively turn the electric vehicles’ batteries into mobile energy storage devices that can also supply electricity when required.

Renewable 287
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EC proposes modernizing EU legislation on batteries to enhance sustainability and safety

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Providing legal certainty will additionally help unlock large-scale investments and boost the production capacity for innovative and sustainable batteries in Europe and beyond to respond to the fast-growing market.

Battery 359
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FreeWire Technologies raises $125M in Series D; battery-integrated ultrafast EV charging stations

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Proceeds will also be used to expand the company’s talent pool and invest in R&D to drive continued innovation of its product roadmap and energy management platform. In addition to lowering total operating costs, FreeWire’s integrated battery enables distributed energy services that would otherwise not have existed.

Charging 195
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Opel bringing Ampera with special nav system and Meriva EVs to iZEUS project on intelligent electric driving and recharging

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The iZEUS project on the consumer-oriented integration of electric energy networks and transportation Project is funded by the German Ministry for Economy and Transport Rüsselsheim/Stuttgart.

Recharge 210
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Tesla acquiring ultracap maker Maxwell Technologies for ~$218M; new 3.0V platform

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Tesla founder and CEO Elon Musk is a long-time self-described “big fan of ultracapacitors” and has suggested that ultracapacitors might be a more likely source of a breakthrough for EV energy storage than batteries, although energy density remains an issue. The offer will value each share of Maxwell common stock at $4.75

Tesla 186
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PROSUME blockchain-based platform for new peer-to-peer energy models; EV platform

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The PROSUME Energy Foundation has developed a blockchain-based platform to exchange electricity from renewable and fossil sources. It connects independent power producers, consumers, utility companies and energy communities in a locally shared market where each peer is free to interact in a multi-tenant ecosystem.

Energy 207