Peak Power, an Ontario-based C&I-focused energy storage and software firm, has secured a US$200 million financing agreement with Madison Energy Investments (MEI).
Finland and California-based second life energy storage firms Cactos and Smartville Inc have raised nearly US$10 million to commercialise systems using repurposed Tesla EV batteries – we talk to both company founders.
Solar and energy storage were described by Elon Musk as going together “like peanut butter and jelly”. Andy Colthorpe meets some of the players creating this winning combination in the US.
The energy transition arm of Italy’s Enel Group has started construction on a 20MW/40MWh behind-the-meter battery energy storage system at Imperial Oil’s petrochemical complex in Sarnia, Ontario, which it claims will be the largest in North America.