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Amazon leads US silicon solid-state battery maker’s $80 million fundraise
Blue Current, which has a pilot production line in Hayward, California, will use the funding to advance commercialization of its silicon solid-state battery technology for stationary storage and mobility applications.
16 hours ago
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Spanish storage: Iberdrola details its winning storage projects totalling $198M, local battery maker expands manufacturing
The innovation energy storage project auction is seeing positive outcomes for Spain with a series of projects announced, and a domestic battery manufacturer rapidly expanding its output.
Funding for European energy storage startups reaches €2.14 billion
European energy storage hardware startups have raised over €2.14 billion in total equity funding, covering commercial, industrial, and grid-scale applications. According to new research from Avnet Silica, 46.7% of that funding was secured in the past three years, while 84.4% has been raised in the last five, highlighting a rapid acceleration in investment across the sector.
India’s Oriana Power explores compact pumped storage for C&I customers, raises BESS target to 20 GWh by 2030
Oriana Power is expanding its focus beyond battery energy storage to compact pumped-storage solutions – a new generation of systems that the company believes could redefine the future of commercial and industrial (C&I) energy management.
Modo Energy raises $33M and sets out AI ambitions
Venture capital firm Molten Ventures leads investment in global battery energy storage benchmarking business Modo Energy. Founded in the United Kingdom in 2019, Modo Energy has expanded to cover continental European markets, Australia and the United States.
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Offgrid PV-driven hydrogen vs. standalone solar-plus-storage
A German research team has compared the economic performance of an offgrid PV-electrolyser-fuel cell system with that of a standalone solar-plus-storage counterpart in a building in Niger. Its analysis showed that decentralized PV-driven hydrogen could achieve considerable lower levelized cost of energy and levelized cost of storage than the PV-battery system, with these values reaching €0.12 ($13.1)/kWh and €0.35/kWh, respectively.
Atlas Renewable garners $289 million for battery energy storage in Chile
Financing for the battery energy storage system (BESS) del Desierto project in Chile involves agreements with BNP Paribas and Crédit Agricole CIB with a $219 million loan and US$70 million in other credit lines. The fresh capital should finance the construction of the 200 MW / 800 MWh system, located in the commune of MarÃa Elena, Antofagasta region.
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500 MW solar-plus-storage project faces legal threat in UK
Local governments in the United Kingdom have launched a legal challenge against the Sunnica Energy Farm project, claiming the development will put more financial pressure on cash-strapped councils. The Sunnica project was greenlit by the new Labour government in July 2024.
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