The participation of venture capital (VC) investors seems to have cooled, while project funding has conversely seen a sharp rise, in the latest quarterly report into funding and mergers and acquisitions from Mercom Capital.
Kodak and Polaris Battery Labs have collaborated on a support system for new battery manufacturers and products.
Electricity storage and energy efficient products manufacturer, Powervault, has teamed up exclusively with Energy Storage News to offer readers the opportunity to win a 4kWh Powervault worth £3,000.
Germany headquartered “intelligent battery storage” and energy services provider Sonnen has just obtained US$85 million in its fourth financing round, from a range of investors. The company said the funds would be used both home and abroad, with Sonnen operating in markets including Italy, Australia, the US and the UK. Andy Colthorpe spoke with the company’s CEO Christoph Ostermann to learn more.
The UK’s Energy and Climate Change select committee (ECC) has used its final report to add to growing pressure on government to address the regulatory barriers holding back greater deployment of storage technologies.
With over 30 companies exhibiting battery products or espousing the technology to the thousands of visitors in attendance, storage was always going to play a major role at last week’s SEUK | Clean Energy Live exhibition. David Pratt summarises the view from the show floor with regards the UK’s burgeoning storage market.
Chinese energy storage company TrinaBEST launched its residential storage product for the Australian market at last week’s All Energy show, while the USA’s Enphase and Australian flow battery maker Redflow were among the other exhibitors showcasing residential products.
GCL System Integration Technology, a subsidiary of GCL, will distribute another 1,000 of its energy storage units to an Australian wholesale partner One Stop Warehouse (OSW).
Berlin-based energy storage firm Younicos and German utility WEMAG have started work on expanding the storage capacity of a battery park in Schwerin, Germany, from 5MW to 10MW power output and 5MWh to 14.5MWh capacity.
Tax breaks and greater efforts by industry to engage consumers should be used to grow the storage market in place of government subsidy, according to sonnen’s UK director.