Special purpose acquisition company (SPAC) Novus Capital Corporation II chose to merge with novel gravity and kinetic energy-based storage Energy Vault after receiving target proposals from more than 100 different firms.
The breakneck speed of policy changes for US solar, a wave of investment and M&A deals in energy storage and skyrocketing power prices are the main topics of this month’s podcast.
LG Energy Solution has acquired NEC Energy Solutions (NEC ES), the NEC Corporation subsidiary focused on energy storage which announced its exit from the industry last year.
South Korean energy company SK E&S has agreed to acquire Key Capture Energy, a developer, owner and operator of grid-scale battery energy storage systems (BESS) in various regions of the US including Texas and New York.
California-headquartered distributed battery energy storage provider SimpliPhi Power has been bought by Briggs & Stratton, a company best known for its gasoline engines and portable generators.
The US Energy Storage Association (ESA) plans to merge with the newly launched American Clean Power Association (ACP), in a move it says will further position the storage and renewables industries for success.
Companies in the battery storage industry raised US$9.6 billion in corporate funding during H1 2021, with European manufacturing startup Northvolt once again the biggest single recipient of venture capital (VC) investment.
US power and energy infrastructure developer, investor and operator LS Power has bought up GI Energy, a provider of clean energy solutions for commercial and industrial (C&I) customers with projects spanning the east and west coasts.
