Grid Scale

Laura Millan Lombrana, Bloomberg Marco Krapels left Tesla Inc. and started a battery company in a place that’s a hemisphere away from California’s rarefied clean-energy scene: Brazil. Krapels, Tesla’s former vice president for international expansion of solar and storage, now runs Sao Paulo-based MicroPower-Comerc. The company, backed by Siemens AG, is pushing to use big...
Community Solar

Encore Renewable Energy said that the $1.8M it is getting from North Carolina’s Leyline Renewable Energy will accelerate its mission of developing solar and energy storage projects on underutilized property. Leyline, a renewable energy finance company based in Durham, provides development capital for early- to mid-stage renewable energy developers, which accelerates their development process and...
Storage

Eos Energy Storage and energy equipment firm Holtec International are creating a joint venture to produce Eos’ next generation of large-scale zinc batteries. HI-POWER LLC will combine Eos’ automated battery manufacturing design and Holtec’s infrastructure experience to build a facility in Pittsburgh. The multi-GW manufacturing site will produce the new aqueous zinc batteries. “We are excited to...
Grid Scale

James Thornhill,  Bloomberg France’s Neoen SA has outlined plans to build a giant renewables complex in South Australia, including battery storage with up to nine times more capacity than the Tesla Inc. design at its nearby Hornsdale plant, which is billed as the world’s largest lithium-ion battery. The Goyder South project will include up to 1,200...
Grid Scale

Energy Vault, the creator of a new way to perform utility-scale energy storage, announced that SoftBank Vision Fund (Vision Fund) invested $110 million in its Series B funding round. Energy Vault will use the funds to accelerate global deployment of its technology, which enables renewables to deliver baseload power for less than the cost of fossil fuels 24 hours a day, said the company. As part of the investment, Andreas Hansson, Partner for SoftBank Investment Advisers, will join the Energy Vault board of directors.