San Diego, California’s ultracapacitor-based energy storage manufacturer Maxwell Technologies has signed a stock purchase agreement with China’s SFIC Fund Management – a significant investor in China’s storage industry – at US$6.32 per share.
Japanese utility/grid operator Tokyo Electric Power Company (TEPCO) has invested half a million pounds (US$624,000) into UK residential energy storage system provider Moixa.
Flow battery manufacturer ViZn Energy Systems has won a contract to provide a 1MWh zinc-iron flow battery to India’s majority network operator and utility Power Grid Corporation of India Limited (PGCIL).
California-headquartered grid-scale electrical energy storage company Primus Power has secured US$32 million in equity financing from a range of investors including a well-known Saudi family, to help accelerate its EnergyPod 2 storage system.
