New CESA report claims California needs to deploy 55 GW of long duration energy storage by 2045
The new report is in-line with models developed by state regulators, however helping the state to achieve such rapid and exponential deployment goals will require significant regulatory and procurement overhaul.
QuantumScape finally unstealths — with breakthrough performance in solid state batteries
After ten secretive years, several hundred million dollars spent, and the efforts of hundreds of scientists and engineers, QuantumScape went public on a video call today with the performance results of its solid-state battery — and its potential impact on the electric vehicle industry.
SPAC, the final frontier: QuantumScape raises $680M for advanced EV batteries, TJ Rodgers raises $200M in SPAC IPOs, plus EVs galore and Stem
Once sort of disreputable, the SPAC is now a “financial innovation” and a “funding mechanism for ambitious companies who are in the midst of a growth phase-change,” in the eyes of some investors. Here’s a roundup.
The roadmap to the lowest cost grid is paved with distributed solar and storage
We wanted to know what the grid would look like, and cost, if we stopped ignoring the benefits of DERs and optimized the integration of these resources through a better modeling process. We found that when you use better planning models and scale both local solar and storage, as well as utility-scale solar and wind, you maximize cost savings and unlock the path to the lowest cost grid.
The US energy storage market was redefined in Q3
A record 476 MW/764 MWh were installed in Q3, with California’s deployment figures alone shattering all previous quarterly records.
Sungevity, once a residential solar installer of note, is auctioning its assets
The now former company has laid off its remaining staff, locked its offices and left dozens of customers, sub-contractors and former employees asking what comes next.
Update: Form Energy’s stealthy ‘aqueous air battery’ with 150-hour duration lands $76 million funding round
The holy grail of energy storage has always been low-cost and long-duration. Form Energy intends on deploying a 1 MW/150 MWh system with a Minnesota utility before 2023, an unprecedented energy storage duration if successful.
Morning Brief: Ambri deploying its calcium-antimony battery? China could install 75 GW of solar next year
Also: Despite a rosy forecast, creating energy storage projects with competitive economics has been an elusive endeavor. Plus, rate design innovations are boosting the energy transition and Plug Power raises $1 billion for U.S. green hydrogen infrastructure build-out.
Form Energy’s stealthy ‘aqueous air battery’ with 150-hour duration gets another $70 million
The holy grail of energy storage has always been low-cost and long-duration. Form Energy intends on deploying a 1 MW/150 MWh system with a Minnesota utility before 2023, an unprecedented energy storage duration if successful.
