While the Volkswagen deal would meet Mahindra’s “short to medium term” battery needs, Mahindra CEO Anish Shah said the company was open to looking at some sort of “investment with a global leader” in the battery-cell space if it needed to secure future supplies. India’s Mahindra & Mahindra could consider investing in a battery-cell company […]
Goldman Sachs Partners With Greenskies Alums to Launch Distributed Solar Venture
Goldman will put up to $275 million behind distributed solar projects, returning for more action in the C&I market. Goldman Sachs announced plans to invest up to $275 million into a new, as-yet-unnamed U.S. development joint venture that will focus on distributed solar projects for commercial, industrial and municipal customers. The new JV will be […]
Form Energy Raises $40M Series B for Super-Long-Duration Grid Storage
Italy’s Eni joins list of heavyweight backers as Massachusetts-based Form looks to unlock “baseload renewables.” Long-duration storage startup Form Energy thought that solving the problem of months-long grid storage would take a decade. But its last year of work advanced faster than expected. Based on that progress, the team of industry veterans has fast-tracked development […]
Enel’s Clean Energy Strategy Pays Off With Increase in Earnings
The earnings growth validates a strategic plan Enel laid out last November. The Italian energy giant Enel has seen a growing clean energy focus pay off with a 3.8 percent increase in core earnings in 2018. The rise, which saw earnings before interest, tax, depreciation and amortization (EBITDA) hitting €16.2 billion ($18.3 billion), was mainly […]
Shell Acquires Greenlots to Lead North American EV Charging Push
The Los Angeles startup found a well-capitalized backer for its charging network software platform. Shell New Energies, a subsidiary of oil major Royal Dutch Shell, acquired EV charging startup Greenlots, claiming a bigger stake in the emerging electric mobility marketplace. Greenlots will keep its brand and leadership, and will become the “foundation” of Shell’s electric […]
Bloomberg NEF: Solar Investment Declined 24% in 2018, but Capacity Reached Record Levels
According to Bloomberg New Energy Finance, investments in clean energy once again exceeded $300 billion in 2018. Solar investment fell in 2018, according to new data out from Bloomberg New Energy Finance, dropping nearly a quarter from 2017. At the same time, Bloomberg NEF said it was a record year for solar capacity, which topped […]
ElectrIQ Raises $6 Million Seed Round to Finance Home Storage Push
ElectrIQ Raises $6 Million Seed Round to Finance Home Storage Push The startup will need the money to take on the likes of Tesla and LG Chem. Bay Area startup ElectrIQ raised a $6 million seed round to support its challenge to the home storage incumbents. Earlier this month, the company released a new product, […]