UK-based Connected Energy has raised £15 million (US$18.4 million) from five new investors to help scale up its second life-based battery energy storage system (BESS) solution.
Mining giant Rio Tinto has invested US$10 million in battery materials company Nano One, a few weeks after Nano One acquired the lithium iron phosphate cathode business of Johnson Matthey.
Power and automation technology company ABB will lead a turnkey project for a shore-to-ship power solution in Toulon, south France, using a 2.35MW/4.7MWh lithium-ion battery.