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Nuvve Corporation, a San Diego-based vehicle-to-grid (V2G) technology company, is participating in a program to deliver resource adequacy to local utility San Diego Gas & Electric (SDG&E) and California’s electrical grid using a large stationary battery located on the University of California San Diego’s (UC San Diego’s) campus microgrid.
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.
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.
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.
Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. ETOGAS in the energy system. This would help speed up the return on investment in VGV for the development costs of the energy transition.
The California Sustainable Energy Entrepreneur Development (CalSEED) program announced that the fourth cohort of innovative clean energy concepts has been approved by the California Energy Commission (CEC); 28 companies out of 212 were selected to receive grants of $150,000 each.
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,
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. Total corporate funding, including debt and public market financing, increased to $2.8
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.
The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. The detailed report— Need Nickel?
The US Department of Energy (DOE) issued a draft loan guarantee solicitation for renewable energy and energy efficiency projects located in the US that avoid, reduce, or sequester greenhouse gases. Advanced Grid Integration and Storage. Waste-to-Energy. Drop-in Biofuels.
Field tests being conducted in Gothenburg show that Volvo Buses’ plug-in hybrid reduces fuel consumption by 81% and total energy consumption (diesel plus electricity) by 61% compared to a comparable Euro 5 diesel bus. The plug-in hybrids have been further developed, and enable rapid recharging from electricity grids via the Opbrid B?sbaar
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 energy storage markets. Canada-based Li-ion battery maker Electrovaya Inc.
Amprius’ plan, outlined at the DOE Merit Review in 2012, is to start with consumer electronics and move to vehicle and grid storage markets. a developer of lithium-ion batteries using silicon nanowire anodes ( earlier post ), has launched the first generation of its high-capacity and high-energy-density Li-ion batteries. Source: DOE.
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.
New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. China, both the world’s largest CO 2 emitter and largest market for clean energy production and consumption, played a crucial role in the story. billion and $2.7
Nissan, Mitsubishi Corporation, Mitsubishi Motors Corporation, PSA Groupe, NUVVE, Frederiksberg Forsyning, Enel, Insero and DTU (Technical University of Denmark) Electrical Engineering (PowerLabDK) are partnering in the Danish project Parker to develop a universal definition for grid integration for electric vehicles.
million; Zenobe Energy secured $32.3 million, and LivGuard Energy Technologies raised ~$32 million. Announced debt and public market financing activity in the first half of 2019 ($547 million in five deals) was 275% higher compared to the first half of 2018 when $146 million was raised in six deals. Smart Grid.
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. This allows increased access to nanopores by the liquids, in turn raising the energy density. million in 2011 to $284.1 million during that period.
Global clean energyfinance and investment grew significantly in 2010 to $243 billion, a 30% increase from the previous year. China continued to solidify its position as the world’s clean energy powerhouse. billion in clean energyfinancing last year, improving its global standing to fourth, from eighth in 2009.
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. billion compared to $1.2
Volvo Buses is participating in a research project in which used electric bus batteries are used as solar energy storage units. Batteries from electric bus route 55 in Gothenburg, Sweden are being used for solar energy storage in a second-life application. IRIS is a Light House project, financed by EU HORIZON 2020.
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
Gridtractor has launched from stealth to develop charging technology, fleet electrification, and energy management services for electric tractors and heavy farm equipment. Gridtractor will help farmers integrate electric charging and vehicle to grid (V2G) into their operations to strengthen the power grid with its smart energy platform.
The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report. —Dr Fatih Birol, the IEA’s Executive Director.
Global VC funding (venture capital, private equity, and corporate venture capital) for Battery Storage, Smart Grid, and Efficiency companies in the first 9 months (9M) of 2018 was 8% higher at more than $1.3 Total corporate funding (including venture capital funding, public market, and debt financing) in 9M 2018 was down with $3.3
The Massachusetts Clean Energy Center (MassCEC) has approved a $5-million forgivable loan for Li-ion battery manufacturer A123 Systems contingent on its hitting job creation and private investment milestones. With the new expansion, A123 Systems will assemble and commission grid-storage battery systems in Massachusetts.
Eos Energy Storage, 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 energy storage industry. and Fisher Brothers.
The US Army and Air Force are planning to develop 1 billion watts of renewable energy on their installations by 2025. Energy security drives the initiatives, Hammack said, adding that increased usage of renewable energy on military installations would enable them to operate even if local power grids go down.
Green Car Congress attended the Renewable EnergyFinance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Energy Markets in a State of Change. M barrels/day of oil within the next 10 years ”. Billion vs. $28.3
The US Department of Energy (DOE) today announced $1.2 billion in financing to replace Puerto Ricos fossil fuel plants with solar and battery storage through 2032.
Since its inception, the US electric grid has mostly operated smoothly as one synchronous machine with a one-directional flow of electricity to meet the nation’s predictable power needs. The US electric grid is experiencing something of a mid-life crisis. CoBank is a cooperative bank serving vital industries across rural America.
TAE Technologies , the world’s largest private fusion energy company, has spun-out a new subsidiary, TAE Power Solutions. 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 energy storage.
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 second quarter (Q2) and first half (1H) of 2020. Smart Grid. billion in 1H 2019.
Siemens suggests abandoning a fixed target for renewable energies and concentrating on the CO 2 reduction goal. Relying on a higher share of efficient, low-emission combined cycle power plants and wind energy could save €150 billion (US$200 billion) by 2030 while attaining the same CO 2 targets, Siemens says. Source: Siemens.
CPV); GE Energy Financial Services; and Diamond Generating Corporation (DGC), a wholly-owned subsidiary of Mitsubishi Corporation, co-owners of the planned $900-million CPV Sentinel power plant, have closed the largest project financing in the US thermal power industry this year for the facility to be built in Riverside County, Calif.
Most of the transport will take place via existing gas grid lines (shown in orange), which will be converted to hydrogen transport. With the integration of a cavern storage facility by RWE in Gronau-Epe, the system, which is based on electricity generation from wind energy, can also make a contribution to supply security.
The Alliance Commission on National Energy Efficiency Policy released a set of recommendations— Energy 2030 —designed to double US energy productivity by 2030. The Commission was created in 2012 to identify solutions for increasing US energy productivity and aid in jumpstarting the economy.
Lightsource bp, together with Xcel Energy and EVRAZ North America , launched its new 300-megawatt Bighorn Solar project. The facility also manufactures seamless pipe for the energy sector, as well as wire rod and coiled reinforcing bar for construction, automotive and specialty industries. The steelmaking operation melts more than 1.25
The trial was conducted by Electric Power Research Institute (EPRI) in partnership with ClearFlame and Duke Energy. There’s a clear need in the power generation market for reliable clean power to supplement and complement EV grids, whether during episodic black-outs, daily peak power periods or when a rapid recharge is required.
At the Zwickau vehicle plant, Volkswagen commissioned the first fast-charging park in Saxony supplied with energy largely from a power storage container (PSC). The advantage is that fast-charging infrastructure can be built nearly anywhere, even if in places with a low-capacity grid connection.
Organizers wanted to showcase how their small nation of nearly 11 million, on the western shore of the Caspian Sea , had evolved over its three decades of independence and was ready to play a role in the world s energy transition. But if they succeed, it will mark a bold feat of engineering to boost clean energy and fight climate.
INEOS Bio announced that its joint-venture project, INEOS New Planet BioEnergy (INPB), has finalized $75 million in private financing utilizing the US Department of Agriculture (USDA) loan guarantee program for its new Indian River BioEnergy Center located in Florida. Department of Energy (DOE) and a $2.5 Earlier post.) Fermentation.
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