Mercom Capital Group’s second quarter 2015 report into VC funding in the energy storage, smart grid and energy efficiency sectors made for interesting reading for the battery and storage space. As PV Tech Storage noted on 21 July from the report, VC funding almost doubled over the first quarter of the year and the sector saw Arnold Schwarzenegger put his money where his green credentials are, bringing some celebrity investor gloss to the proceedings. PV Tech Storage spoke to Mercom Capital chief Raj Prabhu to delve deeper into the statistics.
UK energy and climate secretary Amber Rudd has spoken of her excitement of the “fantastic opportunity” posed by combining energy storage solutions with solar PV.
Some news in brief from around the world of energy storage this week: Manz underlines positive assessment of energy storage sector with US$55 million deals, Sonnenbatterie backs US push with investment from INVEN Capital, local sources report AES wants to build 250MW of projects in Philippines.
Venture capital (VC) funding for battery and energy storage companies totalled US$126 million in the second quarter of this year, almost doubling Q1’s US$69 million total raised, according to a report from Mercom Capital Group.
Battery manufacturer BYD’s deal to supply up to five electric double-decker buses for London is a “big win” for the company but not enough for them to start discussions on a European base, according to Lux Research’s Lilia Xie.
Andy Colthorpe spoke to Energy Storage Association (ESA) executive director Matt Roberts a few weeks ago, shortly after the group’s annual conference in Dallas, Texas. Based in Washington, the organisation’s activities include advising on policy at regulatory and state level as well as encouraging technologists and researchers to share knowledge.
Andy Colthorpe spoke to Energy Storage Association (ESA) executive director Matt Roberts a few weeks ago, shortly after the group’s annual conference in Dallas, Texas. Based in Washington, the organisation’s activities include advising on policy at regulatory and state level as well as encouraging technologists and researchers to share knowledge.
Some news in brief from around the world of energy storage this week: UK residential storage company chases scale with crowdfunder, Younicos could hire 150 more employees by 2017, and Southern California Edison is set to flick the switch on a grid-stabilising storage system from NEC ES.
24M, a battery company that claims it can achieve 50% cost-savings over existing Li-ion technology and hit US$100 per kWh by 2020, is positioning itself as a ‘disruptor’ of the energy storage space, an industry analyst has said.
Joe Warren, managing director at UK energy storage start-up Powervault, says there is enough room in the market for multiple storage manufacturers as his company looks set to do battle with Tesla to win over British households.
