A US$12 million Series B2 has been raised by California-based battery analytics firm Peaxy, which specialises in “first mile data challenges”, a spokesperson told Energy-Storage.news.

Energy storage assets are versatile, profitable low carbon resources that need the right conditions and guidance to deliver value from the very start of operation, writes TWAICE.

News in brief from around the world in energy storage.

US-based energy storage project developer and software company Demand Energy has been acquired by Italian utility company Enel.

US provider of energy storage control systems and turnkey storage projects Greensmith has launched simulation and modelling software that the company claims will educate customers on decisions that can “make or break ROI (return on investment)”.