After years of development, the company’s process should enter commercial production in 2019. Cambridge startup 24M closed a $21.8 million Series D in November to continue commercializing its advanced battery manufacturing process. The round included new investor Itochu, one of the largest industrial conglomerates in Japan, and returning investors Kyocera and North Bridge Venture Partners. […]
BATTERIES, ELECTRIC VEHICLES, DEMAND RESPONSE AND INTERCONNECTION WITH NORDIC HYDRO WILL MAKE U.K. AND GERMAN POWER SYSTEMS CHEAPER AND CLEANER
New forms of flexibility key to an affordable, renewables-led power system London and Berlin: Flexible energy options, such as energy storage, smart-charging electric vehicles, demand response and interconnectors, are needed to ensure that the energy transition proceeds on an optimal path. Our expensive power system would otherwise be reliant on fossil-fueled backup and installing excess […]
SolarEdge to Acquire Kokam, a Provider of Li-ion Cells, Batteries, and Energy Storage Solutions
FREMONT, Calif. & SEOUL, Korea: SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ:SEDG), a global leader in smart energy technology, announced today that it has entered into definitive agreements to acquire a major stake in Kokam Co., Ltd. Headquartered in South Korea, Kokam is a provider of Lithium-ion battery cells, batteries and energy storage solutions Founded in 1989, […]
ElectrIQ Launches Smart Home Connected Battery System for $8,999
ElectrIQ Launches Smart Home Connected Battery System for $8,999 The startup’s PowerPod connects to popular smart appliances, at a price competitive with conventional home batteries. Home automation has now entered the energy storage market at multiple price points. Bay area startup ElectrIQ (pronounced “electric”) unveiled a new battery system this week that links up to […]
Industry Giants Samsung and Hyundai Invest in Solid-State Batteries
Industry Giants Samsung and Hyundai Invest in Solid-State Batteries Solid Power wins $20 million from automotive and electronics players. Automotive and electronics giants are flooding the battery ecosystem with strategic investments. Solid-state battery startup Solid Power, based in Louisville, Colorado, just won $20 million in a Series A investment round from Hyundai, Samsung Venture Investment, […]
It’s Official: Gov. Brown Signs 100% Clean Energy Into Law
It’s Official: Gov. Brown Signs 100% Clean Energy Into Law He also signed an executive order directing California to achieve carbon neutrality—economy-wide—by 2045. Gov. Jerry Brown signed SB 100 Monday, completing the legislative effort to transition California to fossil-fuel-free electricity. The law, which calls for 60 percent renewable energy by 2030 and 100 percent carbon-free […]
Sonnen Raises $71M and Kicks Off a Strategic Partnership With Shell
A big round to grow solar-storage market share in the U.S. and Australia and the latest partnership between a grid edge startup and a European energy giant. Sonnen, the German startup taking on Tesla and others in the nascent behind-the-meter energy storage market, has raised €60 million ($71 million) to grow in the U.S. and […]
Meet the Newest Class of Electric Vehicles, From SF Motors
SF Motors debuted not one, but two new electric vehicles. SF Motors, a Chinese-based electric-only auto manufacturer, unveiled two new EVs at a launch event in Silicon Valley Wednesday. One model, the SF5, could be available as soon as 2019. The announcement realizes a dream that founder and CEO John Zhang has harbored since his […]
