Intended to “kick start concrete projects”, the European Commission is set to allocate a further €200 million (US$235.53 million) towards supporting the scale-up of lithium battery manufacturing on the continent.
Australia’s Clean Energy Finance Corporation (CEFC) will help finance the country’s first “unsubsidised large-scale grid-connected battery”, co-located with a wind farm in South Australia.
The amount of VC funding invested in battery energy storage companies in the first nine months of this year has more than doubled from the equivalent period of 2016, according to a report from Mercom Capital.
Two US Senators introduced a bill in Congress at the beginning of this week that would require the national Secretary of Energy to establish research and demonstration programmes and deployment strategies for energy storage, if passed.
The government of Jay Weatherill, premier of South Australia, has just formally launched three Calls for Proposals under the Renewable Technology Fund, a programme to foster private investment and accelerate project development in clean energy technologies.
Britain’s government has thrown its weight behind vehicle-to-grid (V2G) by announcing £20 million (US$25.8 million) would be available for a competition to further the development of the bi-directional electric vehicle charging technology.
Up to US$6.3 million in funding will support the commercialisation of emerging energy storage technologies in New York, from public benefit corporation NYSERDA (New York State Energy Research & Development Agency).
Over €12 million (US$13.18 million) in funding will be provided to two European projects to examine and exploit synergies between the stationary energy storage and transport sectors, through the EU’s Connecting Europe Facility (CEF) funding instrument.
Flow battery maker Primus Power was leader of the charts in VC funding in the first quarter of 2017, securing US$32 million from a range of investors, according to Mercom Capital’s latest report.
