Grid-scale energy storage developer Eos Energy Storage has raised proceeds of US$23 million through the initial closing of a private placement transaction and expects to use the money to increase deployment of its battery storage product.
Germany headquartered “intelligent battery storage” and energy services provider Sonnen has just obtained US$85 million in its fourth financing round, from a range of investors. The company said the funds would be used both home and abroad, with Sonnen operating in markets including Italy, Australia, the US and the UK. Andy Colthorpe spoke with the company’s CEO Christoph Ostermann to learn more.
A new report from Bloomberg New Energy Finance (BNEF) details how more than US$8 billion will be invested in new-build energy storage in the year 2024, driven by an increase in deployment of behind-the-meter storage.
The proposed 4GW nuclear plant in the UK has been labelled too expensive and too risky but supporters say it is crucial for the UK’s future energy mix. James Blackman looks into the realistic role energy storage technology could play in any mooted alternative plans to keep Britain’s lights on.
German PV module and storage manufacturer Solarwatt recently announced its intention to expand into the UK market with the launch of its MyReserve storage system.Energy Storage News caught up with Pol Spronck, Solarwatt’s international sales manager, to discuss the latest expansion and with the company is hoping to bring to the UK.
Mercom Capital Group’s latest report showed how energy storage companies brought in US$125 million in venture capital (VC) funding in Q2 2016, double that of the previous quarter. Year-over-year funding this second quarter roughly matched last year’s Q2 output, which had US$126 million in 13 deals.
Moixa Technology is hoping to raise up to £20 million by the end of the year to fund its expansion into Europe, and has recently gained investment from three big beasts from the UK energy sector.
Commercially viable energy storage has the potential to change the game by solving the energy trilemma. Arshad Saleem, from KIC InnoEnergy, which invests in and supports European sustainable energy, says marrying start-up innovation and big business experience could accelerate the journey to viability.
The White House announcement of new developments and investment in energy storage has been characterised as “the first executive office push for energy storage” that will “undoubtedly galvanize” the industry, in a new GTM Research brief by the firm’s energy storage director Ravi Manghani.
Andy Colthorpe and Ben Willis profile some of the companies and technologies making waves in the fast-changing world of stationary energy storage, in a feature article which originally appeared in the seventh issue of PV Tech Power.
