California-based Element Energy has raised US$111 million of equity and debt for its proprietary battery management system (BMS) for first and second life battery storage.
Norwegian ‘smart battery’ firm Hagal and China-based lithium-ion battery manufacturer Cospowers Technology have partnered to offer an energy storage solution.
Electric ‘supercar’ firm Rimac is bringing “leading expertise in extracting maximal performance” from battery cells to its new energy storage division, which will also consider non-lithium technology, it told Energy-Storage.news.
Global battery storage system integrator Powin and recently-launched EPC firm Linxon have secured battery storage project contracts in ERCOT, Texas, totalling 400MWh and 200MWh respectively.
Gigawatt-hours of used EV batteries are now hitting the market, and California-based Element Energy claims it has the ideal BMS platform to scale second life energy storage technology.
California-based firm Element Energy has raised a US$28 million Series B to accelerate its proprietary BMS-enhanced second life energy storage solution, with 2.5GWh of modules secured already.
