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Energy storage corporate funding hits $17.6 billion in nine months of 2024
Corporate funding in the energy storage sector saw a 15% year-on-year increase in the first nine months of 2024, according to Mercom Capital Group. While venture capital funding has collapsed, debt and public market financing has skyrocketed making for the sector's second best performance in the last five years, lagging only the record-breaking 2022.
New solar, battery storage “as a service” venture hits Australia’s C&I segment
Founder and former CEO of SwitchDin Dr Andrew Mears is launching his new venture, Tesseract ESS, at Melbourne’s All Energy today. The proposition expands on his previous technologies to deliver a ‘storage-as-a-service’ model focused on Australia’s C&I segment, providing battery and solar systems at $0 CAPEX to Australian farmers, manufacturers and other businesses. pv magazine Australia spoke to Mears ahead of the launch.
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