Finance Archives - Page 2 of 19 - Energy Storage

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Recycling

Aluminum maker to acquire Northvolt’s battery recycling business Swedish battery maker Northvolt has been withdrawing from non-core businesses in the face of a financial crisis.

2 hours ago

Toyota concept car

Industry

Japan keeps lead in solid state battery development While China, South Korea, Europe, and the US are also engaged in active development of all solid state batteries, Japan is leading the charge offering generous subsidies to technology proponents.

Jan 10, 2025

Policy

Chile has 15 GW of energy storage under environmental permitting The Chilean Association of Renewable Energy and Storage (Acera) says 3 GW of energy storage projects have gotten off the ground and another 15 GW are at the environmental permitting stage.

Jan 09, 2025

Flow batteries

Quinone redox flow battery company secures $2.6m for commercial pilot site Quino Energy says the mildly alkaline nature of its storage medium means it can be installed in existing oil industry holding tanks.

Jan 09, 2025

Finance

U.S. DOE loans $1.8 billion to Arizona utility for solar, storage, transmission The Department of Energy Loans Programs Office has approved a loan to Arizona Public Service (APS) to construct new electricity generation, storage and transmission assets.

Jan 09, 2025

Manufacturing

Chinese lithium-ion anode producer halts $1.4 billion Swedish investment The decision comes after the Swedish Strategic Products Inspectorate imposed regulatory conditions deemed unacceptable by China's Putailai New Energy Technology.

Jan 08, 2025

Finance

Grenergy approaches $1bn finance for Chile’s Oasis de Atacama site The Spanish company says it plans to continue expanding in Chile with new energy storage-focused projects and wants to replicate this model in Europe and the United States.

Pilar Sanchez Molina

Jan 08, 2025

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All Finance news

Finance

Brazil’s UCB Power raises $24m from Inter-American Development Bank The energy storage company will invest in its operations in two states, including factory expansion plans, as well as funding other parts of its business.

Alessandra Neris

Jan 02, 2025

Industry

Antidumping investigation could more than double cost of EV, energy storage batteries in the U.S. Anti-dumping, countervailing duties on battery materials could have serious effects on the EV and energy storage markets, as the battery material and manufacturing markets in the U.S. are still in very early stages.

Dec 20, 2024

Industry

Sonnedix: Co-locating BESS to play “big, big role” in growth following €3.25 billion refinancing Axel Thiemann, CEO of Sonnedix, told ESS News co-locating battery energy storage systems (BESS) with its European assets is a major focus following its recent refinancing. Currently its co-located BESS portfolio is just over 1 GW.

Blathnaid O’Dea

Dec 20, 2024

Manufacturing

Gotion allocates $2.63 billion for battery gigafactories in Morocco, Slovakia The Chinese manufacturer is pumping in substantial investments towards 40 GWh of battery cell manufacturing abroad.

Dec 19, 2024

Finance

Grenergy sells stake in Chile’s Oasis de Atacama project for close to billion dollars The portfolio sold to independent power producer (IPP) ContourGlobal includes 451 MW of solar and 2.5 GWh of storage.

Dec 19, 2024

Finance

ABB to acquire Gamesa’s power electronics, storage business ABB has agreed to purchase Gamesa’s power electronics and storage business, which produces doubly fed induction generator (DFIG) wind converters, industrial battery energy storage systems (BESS), and utility-scale solar inverters.

Pilar Sanchez Molina

Dec 18, 2024

Industry

Developers close $538 million for 1.2 GWh battery storage facility in Canada The Hagersville Park financing qualifies as a green loan. Once commissioned, the project will be one of Canada's largest battery energy storage (BESS) sites.

Blathnaid O’Dea

Dec 18, 2024

Manufacturing

Rotterdam plans 1 GW fab to make battery-powered electrolyzers Battolyser Systems' (BLS) product is a patented dual-purpose electrolyzer with a battery function.

Pilar Sanchez Molina

Dec 18, 2024

Industry

Neoen lands $890m loan for additional 1.3 GW of renewables in Australia The operational, 270 MW/540 MWh first stage of the Western Downs battery and the under-construction 341 MW/1,363 MWh second phase of the Collie battery are covered by a new AUD 1.4 billion ($889 million) package of loans.

Dec 18, 2024

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