Venture capital funding in batteries and smart grids declines sharply in Q3: Mercom report
Latest Mercom Capital report finds that just $102 million in VC funding for smart grid, battery storage and efficiency sectors was raised in Q3, down from $433 million in Q2. Project funds for residential and commercial storage soars, however.
California launches plan to align grid transformation efforts
Through the Distributed Energy Resources Action Plan, regulators will attempt to mold several disparate dockets and initiatives to meet long-term goals.
Sonnen receives further $85 million investment
The German company announced that it has secured USD 85 million in growth capital, some of which came from two new partners, which will help the company consolidate its healthy position further in the booming energy storage market.
AutoGrid and sonnen to foster energy storage adoption
A new cooperative integration of AutoGrid Flex energy management with sonnenBatterie energy storage systems will enables energy project developers to better monetize the flexible capacity of distributed energy resources.
