Ørsted understood to have invested low double-digit million dollar figure to purchase HelioSage, subsidiary of Panasonic-owned Coronal.

The sale of Nissan’s power battery business, Automotive Energy Supply Corporation (AESC) to Envision Group has been completed, with the new owner aiming for 20GWh of annual production capacity of nickel manganese cobalt batteries in China.

Shell is to acquire German battery storage manufacturer sonnen in a bid to accelerate its home energy services position.

Deep-cycle energy storage system manufacturer Trojan Battery has been acquired by C&D Technologies, a reserve power equipment vendor.

Smart energy and inverter company SolarEdge will acquire the South Korean battery manufacturer Kokam.

VC funding for energy storage projects increased significantly, while debt and public market financing remained “steady” during 2017, Mercom Capital has found.

Powin Energy has just sold 116MWh of its project assets and pipeline of future developments to esVolta and made a deal which sees Powin become exclusive supplier to the latter’s projects.

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.

Finnish power equipment firm Wärtsilä has immediately followed up its launch of hybrid and standalone energy storage systems with the acquisition of system integrator and software specialist Greensmith Energy Management Systems (Greensmith).

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.