Energy-Storage.news Premium speaks with Ryan Hledik, Principal at the Brattle Group, and Lauren Nevitt, Senior Director of Public Policy at Sunrun, on the shaky future of California’s Demand Side Grid Support distributed storage programme.

Developer and operator EsVolta has secured a US$185 million senior secured credit facility for its US battery energy storage system (BESS) project pipeline.

Polarium, a Sweden-headquartered energy storage system manufacturer, has raised SEK562 million (US$48.3 million).

ACCURE has raised €7.2 million for its analytics solutions that can enable a “proactive approach to safety” in the battery storage industry.  

Kraftblock, a thermal energy storage startup based in Germany, and Australia’s MGA Thermal have secured funding to accelerate their technologies’ scale-up and commercialisation.

New company Allye Energy has raised £900k (US$1.1 million) to scale up production of its mobile battery energy storage system (BESS) using second life EV batteries.

NHOA is on track to achieve a targeted 10x growth in its business, but will require funds from its parent company to complete the task.

Amarenco has raised €300 million, enabling asset management firm Arjun Infrastructure Partners to acquire a minority stake in the company.

Corporate funding of energy storage companies exceeded US$26 billion worldwide in 2022, a 55% jump from 2021’s total US$17 billion.

Caban Systems, a US battery tech company offering renewable energy solutions to critical infrastructure industries, has raised US$51 million.