Agreement to acquire Eneco reached by Mitsubishi-led consortium
A consortium featuring Mitsubishi and Japanese utility Chubu is set to buy out European energy major Eneco as Mitsubishi targets further European growth.
Articles tagged with: Finance
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Analysis
VIDEO: UK energy storage providers, optimisers and financiers on the routes to market
Energy-Storage.news was delighted to be asked to moderate a session in which participants and pioneers of UK energy storage - and solar - gave their perspectives on everything from the right technologies and what they can do, how financiers view the market today, to how we can all join together to create a modern, clean and sustainable energy sector.
Business Investment Platform launched to ‘bridge the gap’ between Europe’s investors and industry
InnoEnergy has launched a platform designed to “bridge the gap” between financial institutions and battery businesses.
UK, France, Netherlands commit US$350m to emerging storage and solar
The UK pledges US$250 million for global energy storage as France and the Netherlands announce US$100 million for solar initiatives.
Johnson Controls, Con Edison to offer solar-plus-storage financing solution
Johnson Controls, the intelligent buildings and infrastructure group, has expanded the scope of an existing agreement to work with Con Edison on energy storage to now extend financing to customers who want solar and storage.
ESS developer Convergent Energy + Power changes hands for ‘several hundred million’ dollars
Infrastructure investment firm Energy Capital Partners has acquired prolific ‘mid-range’ energy storage project developer Convergent Energy + Power in a deal worth "several hundred million dollars".
World Bank: Cost declines in solar-plus-storage could see 490 million relying on microgrids by 2030
Plummeting solar-plus-storage costs could help electrify millions worldwide by facilitating a ten-fold explosion of mini-grid systems, a new report from the World Bank has said.
RedT needs funding to go the distance with long duration ESS pipeline
Update included confirmation that cash reserves stand at around US$4.31 million, enough to continue meeting the firm's obligations until December this year.
VW, Goldman Sachs lead multibillion-dollar drive to put 56GWh of lithium cell factories in Europe
Northvolt, the consortium seeking to establish significant lithium-ion battery cell manufacturing facilities in Europe, has raised US$1 billion in equity capital from parties including Volkswagen and BMW and the merchant banking division of Goldman Sachs.
Tariffs on Chinese imports loom over US’ storage success
Strong deployment figures have been posted for the US’ energy storage market in both residential and non-residential segments in the past quarter, amid warnings that an escalating trade war with China could dampen some of that enthusiasm if tariffs are applied.
World Bank’s new global partnership to ‘adapt and develop’ energy storage for emerging economies
World Bank Group has set up a “global international partnership” to support the deployment of energy storage in developing countries, just a few months after committing a US$1 billion sum to the sector.
IEEFA: Solar-plus-storage undermines coal economics by ‘hundreds of millions’ of dollars
Phase-out plans of US utility giants underscore money-saving potential of cleaner alternatives, says think tank.
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Analysis
Corporate takeover: the end of independence? Part 1
The growth potential of energy storage has drawn interest from some of the biggest names in the power business and beyond. With the trend set to continue, Andy Colthorpe explores how three recent acquisition targets are faring under new ownership.
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Editor's blog
Surviving extinction: What the world needs now
While Extinction Rebellion may have helped draw attention to the scale of the problem, it’s now up to us all – especially those of us with a head-start in the industry – to bring the solutions to life.
Corporations, citizens and most bankable batteries: ‘Storage & Smart Power’ returns
Volume 19 of PV Tech Power has just hit the (digital) shelves and once again the quarterly technical journal from our publisher Solar Media includes ‘Storage & Smart Power’, the dedicated section created and curated by Energy-Storage.news.
Generac buys up Panasonic US inverter partner Pika
Pika, a manufacturer of home energy storage systems headquartered in Maine, US, has been bought up by power generation equipment manufacturer Generac
Mercom: Utilities, oil and gas majors pump investment into battery storage
Along with TEPCO, Mercom named other major utilities and companies with a background in oil and gas as investors in the battery storage sector during the quarter.
Infrastructure fund SUSI invests big in Macquarie-AMS California portfolio
The ‘world’s first dedicated energy storage infrastructure fund’ will invest in California battery energy storage projects, with Macquarie set to sell 50% of a 340MWh tranche to the fund’s owner, SUSI Partners.
‘Important market development’: Energy storage included in Australian climate bonds
A green bond has been issued in Australia that will give people the chance to invest in energy storage for the first time.
RedT in ‘very accelerated’ search for funding
The future of vanadium flow machine company redT has been plunged into doubt after it launched a strategic review of its ongoing business.
Asian Development Bank to help fund Tonga’s renewables-plus-storage push
The Asian Development Bank (ADB) has agreed to part-fund a US$53.2 million undertaking to power Tonga with renewable energy, including the installation of 22.2MWh of energy storage.
’World’s first long-term battery insurance’ service launches from Munich Re
Insurer Munich Re has launched what it claims is the world’s first long-term insurance plan for battery performance, signing up ‘all-iron’ flow battery maker ESS Inc as its first customer.
Solar and wind co-location not on the UK horizon - yet
Co-location of large-scale energy storage systems with solar and wind generation is not an immediate prospect for the UK’s clean energy markets, although interest is there, an expert panel said today at the Energy Storage Summit.
Institutional investors ‘see energy storage as most interesting renewable’ option
A new poll has identified energy storage as the most promising technology for institutional investors keen on renewable assets, amid plans by many to ramp up allocations.
ABB accesses SUSI’s €100m Energy Storage Fund following Ability power suite launch
A €100 million (US$114.44 million) fund will be used to develop and deploy microgrid and energy storage projects by engineering and automation firm ABB, which has recently launched a new line of solutions in those areas.
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Editor's blog
2019: The next episode
In today’s third and final instalment of our series to welcome in 2019, we look at what our respondents are expecting to see this year, what they would like to see happen and some of the ways they will be trying to fulfil those expectations.
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Dutch Development Bank & investor Symbiotic put US$35m into ZOLA Electric’s Tanzania push
The Dutch Development Bank (FMO) and investment firm Symbiotics have announced a US$32.5 million facility to finance ZOLA’s operations within Tanzania over the next five years.
UK energy storage fund prepares to hit London Stock Exchange with US$130m raised
Britain’s second listed energy storage fund has raised £100 million (US$129.12 million) to trade on the London Stock Exchange.
Refinancing deal for 50MW UK battery ‘proves bankability of storage’ is here
Energy asset developer and owner Statera Energy has clinched a refinancing deal for its 50MW Pelham utility-scale battery storage plant in England, in a transaction which it says demonstrates both the maturity and “bankability” of the asset class.
Leclanché’s main investor ups the ante with US$76m injection
Swiss vertically-integrated battery and energy storage system and equipment maker Leclanché has followed sonnen in netting a significant amount of investment to go into the second half of 2018, securing CHF75 million (US$76 million) from its main existing investor.