Nearly 1.4 GW of battery energy storage capacity is under construction and slated for delivery during 2021, according to data from FERC and DOE.
Also on the rise: Fluence gains an investor, Cap Dynamics buys an Arizona solar facility, and legislation would boost DER as a safeguard in wildfire-prone California.
Also on the rise: 8Minute upsizes its credit facility, an NREL-led team publishes a new guide to inverter-based power systems, and Altus Power adds to its portfolio.
The pair were working to design and build a refuse truck based on a zero-emissions battery-electric drive platform and body while also integrating multiple new systems into a new state-of-the-art vehicle.
Here’s a year-end round-up of VC investments across the energy storage value stack.
Also in the brief: CPS Energy opened bidding last week on a contract that will double its solar capacity and add 500 MW of backup power to the grid.
After more than a year of testing, Relectrify has released interim results of a pilot that combines repurposed batteries from Nissan Leaf vehicles with proprietary inverter technology to create a battery system that has exceeded expectations.
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.
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.
In pv magazine’s second roundtable session, Advanced technologies, the U.S. storage market came under the spotlight – in particular, the lessons that can be learned from solar as the market moves towards greater maturity. Also under discussion was the trend among PV manufacturers to producing ever larger cells and modules in the continuous drive to bring down LCOE. But is big necessarily better?
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