Energy storage funding up 55%, 28 companies acquired in 2022
Mercom Capital’s annual M&A report shows that energy storage, along with smart grid and energy efficiency, is getting significantly increased investment attention.
Renewable energy deployment down 16% in 2022
Falling well short of expectations, renewable energy deployment slowed 16% year-over-year, according to an American Clean Power report.
Isolated cell battery technology project unveiled at N.Y. Power Authority office
Cadenza’s supercell is produced with funding assistance from the New York State Energy Research and Development Authority. The battery technology prevents a ‘thermal runaway,’ or an incident creating overheating or fire when a singular cell consumes the whole battery.
Energy storage as a transmission system asset
At a grid-scale energy storage panel at Intersolar North America, industry leaders pointed to international storage project case studies that could be replicated in the U.S.
Iron flow battery added to solar-on-canal project
The University of California, Merced has shown that up to 13 GW of solar capacity could be installed over California’s canals, which would require approximately 3 GW of energy storage.
U.S. energy storage market set for take off
The U.S. Inflation Reduction Act (IRA) is set to ignite the energy storage market in 2024, as analysts expect up to 65 GW/260 GWh of projects through 2026. The outlook is for battery project sizes to increase as the pipeline takes shape.
Vanadium’s role in a just transition
The deployment of a vanadium flow battery at a fire station run by Native Americans illustrates the role that the energy storage technology can play in ensuring that nobody is disadvantaged by the shift away from fossil fuels.
Sunrise brief: State of the Union celebrates investment in clean energy
Also on the rise: Linton Crystal to move PV equipment manufacturing back to the U.S. EV battery has 50% more energy density than traditional lithium-ion, 10-minute charge. And more.
World’s largest used EV battery power facility in California
The largest UL-certified facility was expanded by 750 former Honda Clarity and Nissan Leaf EV batteries, bringing its total storage capacity to 25 MWh.
Rapidly growing U.S. microgrid market achieves 10 GW in 2022
Driven by a rising demand for uninterrupted services, corporate ESG goals, and military resilience plans, Wood Mackenzie estimates the U.S. microgrid market has seen a 47% increase in solar and storage capacity in 2022 compared to 2017 levels.
