Tesla EVs show profit while solar business hits new lows in revenue and deployment
It was a series of firsts, including a profitable full year and Megapack turning a profit that factored into CEO Elon Musk explaining that he has “never been more optimistic or excited about the future of Tesla.” Austin is confirmed as the site of the next Gigafactory.
Job Moves: Lior Handelsman leaves SolarEdge, plus Form Energy, Generate, Omnidian, FirstLight, MP2, Jurchen
Executive, career and boardroom moves in solar, storage, cleantech, utilities and energy VC.
Update on Natron Energy, sodium-ion battery builder with $35M from ABB, Khosla, Chevron
The startup is “going after some applications that have been traditionally lead acid and some that have been lithium ion. Think ultra-fast discharges, unbelievable cycle lives, low cost, and non-toxic materials.”
Natron Energy, developer of sodium-ion batteries, raises $35M as investment in storage surges
The startup is building a battery using Prussian blue analogue electrodes and a sodium-ion electrolyte. Investors include ABB Technology Ventures, NanoDimension Capital, Volta Energy Technologies, Chevron, Khosla Ventures, and Prelude Ventures.
What’s going on in the world of thermal energy storage?
Can this technology be commercialized? A partnership between Siemens Energy and EnergyNest to develop thermal storage solutions together is the latest development in an industry with lots of potential, but little practical application thus far.
Proposed merger will make zinc battery developer Eos Energy a public company
Eos has executed a letter of intent for a merger with a SPAC — which would result in Eos becoming a publicly listed company. Investors seem fascinated by energy storage this year, the long-duration variety in particular.
Energy investment roundup: $50M for drinking water from solar-powered ‘hydropanels’
Also African microgrids, $200 million for solid-state batteries, $20 million for utility field safety, billions for infrastructure, and millions for deep tech.
Fluence’s sixth generation of storage technology has over 2 GWh of commitments at launch
Featuring a monitoring system that tracks system performance, a comprehensive operating platform and stackable system design, Fluence claims its new solution is capable of reaching gigawatt-sized deployments while driving project costs down as much as 25%.
Panasonic and Span team up for home battery backup and energy management
Span’s ambition is to “transform the electrical panel into an intelligent gateway” and help expand the adoption of solar, EVs and storage like Panasonic’s residential battery.
Calm before the Q2 storm: US energy storage market posts decent Q1
WoodMac looks back at the storage industry in simpler, long-ago times — eight weeks ago.
