LAVLE, a supplier and developer of batteries and energy storage for the renewable energy, marine, rail transportation, aviation, and defense markets, landed a round of funding from Ocean Zero. Not exactly VC but, European lithium-ion battery manufacturer Northvolt raised $600 million led by Glasgow-based investment manager
READ MOREIn structuring and financing energy storage, everything has changed. The enactment of the Inflation Reduction Act (IRA), and its Storage ITC, is projected to drive the development and financing of up to 120 GW of grid-scale storage over the next 10 years. Forecasts also suggest that it will also reduce financing costs for a tremendous
READ MOREOctober 29, 2013. Swaziland in southern Africa is line for a 100MW solar farm, according to local media reports. The ground-mount project will be developed by Services Global L Power Swaziland
READ MOREGES is an independent energy storage company that develops and operates first-class energy storage assets to create a global terminal network. Their strategic focus is to facilitate the energy transition by developing the infrastructure needed to move towards ever more sustainable and low carbon energy use. GES was the sister company to
READ MOREThe investment to date in Lavumisa amounts to E255-million, and the plant will generate a capacity of about 13.75 MW to deliver a guaranteed capacity of 10 MW at
READ MOREClean energy investment is – finally – starting to pick up and is expected to exceed USD 1.4 trillion in 2022, accounting for almost three-quarters of the growth in overall energy investment. The annual average growth rate in clean energy investment in the five years after the signature of the Paris Agreement in 2015 was just over 2%.
READ MOREAdditional notes: Capacity per capita and public investments SDGs only apply to developing areas. Energy self-sufficiency has been defined as total primary energy
READ MOREThe program makes the Climate Investment Funds the world''s largest multilateral fund supporting energy storage. Building on over $400 million in existing storage support, GESP funding is expected to mobilize an additional $2 billion of public and private investments for these vital technologies. This first-of-its-kind investment program has
READ MOREFirst, the investment threshold for the first energy storage technology under the single strategy is 0.0757 USD/kWh, which is higher than the technology investment threshold of 0.0656 USD/kWh for the first
READ MOREHome. GSF is London''s first listed energy storage fund, with a diversified portfolio located across five electrical grids. Energy storage is the facilitator of renewable growth worldwide, playing a crucial role in the UK reaching
READ MOREEnergy Dome, the European startup with an energy storage system technology based on CO2 and targeted at long-duration applications, has closed its Series B funding round. The Italy-headquartered company announced the €40 million (US$44.15 million) closing today. The round was led by Eni Next, the venture capital (VC) arm of
READ MOREAustralian energy minister Chris Bowen has said tenders for 500MW of renewable energy backed with energy storage will open in the middle of this year in Western Australia (WA). The tender will be held as part of the Capacity Investment Scheme (CIS) launched by the government of prime minister Anthony Albanese''s Labor Party,
READ MOREUS President Joe Biden signed the Inflation Reduction Act yesterday, bringing with it tax incentives and other measures widely expected to significantly boost prospects for energy storage deployment. "The Inflation Reduction Act invests US$369 billion to take the most aggressive action ever — ever, ever, ever — in confronting the
READ MOREFrazium Energy says the development will require around €100 million ($115 million) in investment, and will include a battery energy storage system (BESS).
READ MORESERA Swaziland Energy Regulatory Authority SIPA Swaziland Investment Promotion Authority SWASA SWSC Swaziland Standards Authority Swaziland Water Services
READ MOREEnergy Vault has become the latest startup with a novel, non-lithium battery energy storage technology to attract significant investment, raising US$100 million through a Series C funding round. The company''s giant systems use cranes that lift, swing and lower 35-tonne blocks of a composite concrete-like material, harnessing gravitational
READ MORESwaziland in southern Africa is line for a 100MW solar farm, according to local media reports. The ground-mount project will be developed by Services Global L Power Swaziland (SGL Power) – a
READ MOREEnergy storage is fundamental to stockpile renewable energy on a massive scale. The Energy Storage Program, a window of the World Bank''s Energy
READ MOREThrough hands-on investment and partnerships with private corporations, the Swazi government exemplifies how emerging economies can electrify their
READ MOREFrazium Energy – part of the Australian-German Frazer Solar group – has signed a 40-year contract with the government of the Southern African kingdom of
READ MOREImage: President Biden via Twitter. The Inflation Reduction Act''s incentives for energy storage projects in the US came into effect on 1 January 2023. Standout among those measures is the availability of an investment tax credit (ITC) for investment in renewable energy projects being extended to include standalone energy storage facilities.
READ MOREThe Swazi-based firm owns 60,000 hectares of Forestry Stewardship Council (FSC) certified plantations, which will be used as the primary feedstock for the biomass plant. Kelly Cure, head of strategic initiatives at Montigny Investments, told Renewable Energy World: "Our company focuses on sustainably maximising the value of
READ MOREThe EU''s European Investment Bank has pledged support for a long-duration thermal energy storage project and a gravity-based energy storage demonstration project. They have been selected among 15 projects defined as large-scale — each requiring capital costs of more than €7.5 million (US$8.5 million) — through EU
READ MOREEswatini has added two more solar photovoltaic plants to its sustainable energy portfolio, a statement from the Natural resources and energy ministry said. The
READ MOREInfocast''s Energy Storage Finance & Investment — building on the success of last year''s event — brings together the entire storage community, including leading developers, tax equity investors, lenders, capital and debt providers, tax advisors, market analysts, offtakers, and more, to provide a deep dive into today''s cutting-edge
READ MORE1.3 RENEWABLES READINESS ASSESSMENT PROCESS. The International Renewable Energy Agency (IRENA) has a mandate to increase renewable energy deployment
READ MOREUS-headquartered battery storage system integrator and manufacturer Powin has signed a multi-year, 15GWh deal for the supply of battery cells with China''s Eve Energy. News Recurrent Energy, Hecate
READ MOREThe African Development Bank (AfDB) is to provide a grant of $990,000 to the government to support the development of renewable energy. The grant will finance three studies under an energy sector support programme aimed at promoting private sector investment in renewable energy to reduce excessive reliance on costly imported power
READ MOREEnergy Storage 5 days ago Hydrogen 13 days ago Oil-fired 22 April 2024 O&G Upstream 22 April 2024 Concentrated Solar 19 April 2024 Waste-to-energy
READ MOREOther recipients of investment in the long-duration energy storage space include various flow battery, thermal and mechanical energy storage technology companies. Last year at COP26 the Long-Duration Energy Storage Council was launched representing 16 of those companies among its 24 founding member organisations.
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