Business models used by Advanced Microgrid Solutions (AMS), including creating “Hybrid Electric Buildings” with energy storage, take the industry to a “new level”, VC investor Nancy Pfund has said.
An offer from Tesla CEO Elon Musk to complete a large-scale energy storage project in South Australia within 100 days or deliver it for free has been taken up by the region’s government.
Welcome to Part 2 of our in-depth talk with Nancy Pfund, managing partner at DBL Partners, a venture capital firm specialising in companies and start-ups that offer both rewarding financial returns and positive social impacts. As well as being one of the earliest backers to Tesla and SolarCity, to utility-scale solar tracker company NEXTracker to Off-Grid Electric, which deploys solar in rural Africa; to others in energy storage like Advanced Microgrid Solutions and Primus Power, Pfund is extremely well-placed to offer a quick Q&A ‘masterclass’ in energy storage investing.
Northvolt, the Swedish battery start-up founded by former Tesla executives, has closed in on two possible sites for its planned multi-gigawatt production facility.
Nancy Pfund is managing partner at DBL Partners, a venture capital firm which specialises in investing in companies and start-ups that offer both rewarding financial returns, and positive social impacts. There have been some serious clean tech companies in DBL’s portfolio, including a pre-IPO investment in Tesla. With this in mind, we spoke to Nancy about how to invest in energy storage wisely and heard her views on the waves of the future. Part 2 to be published tomorrow.
What is expected to be Europe’s largest community battery is set to be installed at an innovative regeneration scheme in Nottingham, England, with a 2MWh Tesla battery to be deployed in September as part of a housing scheme alongside community solar.
An analyst at Navigant Research has said he was surprised to see Tesla dominate California’s SGIP (Self-Generation Incentive Program) applications, with the Silicon Valley car and tech company accounting for half of all requested funds.
Tesla has announced the first programme to aggregate the capabilities of hundreds of its residential and commercial stationary storage systems in a partnership with Vermont utility Green Mountain Power.
Power equipment manufacturer Wärtsilä has launched hybrid and standalone energy storage systems, targeting areas where it sees “high market potential”, including remote microgrids and solar PV integration.
