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Fenecon's CarBatteryReFactory second life energy storage assembly plant in Germany. Image: Fenecon.

EsVolta secures US$185 million pre-NTP financing for US BESS deployments

April 9, 2024
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

ESS firm Polarium raises US$50 million, sees ‘three must-win battles’

September 5, 2023
Polarium, a Sweden-headquartered energy storage system manufacturer, has raised SEK562 million (US$48.3 million).
ACCURE's three co-founders. CEO Dr Kai-Philip Kairies (right) said the BESS industry is "adopting a data-centric approach to safety". Image: ACCURE

HSBC Asset Management among investors in battery data analytics provider ACCURE

August 22, 2023
ACCURE has raised €7.2 million for its analytics solutions that can enable a “proactive approach to safety” in the battery storage industry.  
MGA Thermal CTO Alex Post (left) and CEO Eric Kisi (right), with some of the compay's Miscibility Gaps Alloy Blocks. Image: MGA Thermal
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Long-duration thermal energy storage startups Kraftblock, MGA Thermal raise funding

August 11, 2023
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.
Allye Energy mobile bess second life ev batteries

Start-up Allye raises US$1 million for second life battery-powered mobile BESS

July 12, 2023
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.
Taiwan Cement Corporation has awarded more than 400MWh of projects in Taiwan to NHOA. Pictured is a rendering of how one such project could look. Image: NHOA.

NHOA parent company TCC raising funds for energy storage player’s 10x growth ‘Masterplan’

May 3, 2023
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_Infram

IPP Amarenco raises €300 million for solar, energy storage and agrovoltaics pipeline

March 17, 2023
Amarenco has raised €300 million, enabling asset management firm Arjun Infrastructure Partners to acquire a minority stake in the company.
M&A activity in the sector has taken a massive leap after three years of steady growth. Source: Mercom Capital Group.

Energy storage sector corporate funding at all-time high in 2022

January 18, 2023
Corporate funding of energy storage companies exceeded US$26 billion worldwide in 2022, a 55% jump from 2021’s total US$17 billion.
A Caban Systems-managed cellphone tower in the Dominican Republic. Image: Caban Systems via Twitter.

US telecom, infrastructure battery specialist Caban raises US$51 million for global expansion

January 11, 2023
Caban Systems, a US battery tech company offering renewable energy solutions to critical infrastructure industries, has raised US$51 million.
Major BESS projects internationally, including the Victorian Big Battery in Australia (pictured) and Zenobe's upcoming project in Scotland are providing inertia via their inverters. Image: Victoria State government.

ARENA pledges funding support to 4.2GWh of battery storage across Australia

December 19, 2022
Eight large-scale BESS projects in Australia have been selected to receive funding support worth AU$176 million.

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Chile: Engie energises 418MWh BESS, Canadian Solar wins turnkey contract for 312MWh project

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