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3 · TOKYO, June 28, 2024 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) announced today that it has invested in e-Zinc, Inc. (e-Zinc) a long-duration energy storage technology startup headquartered in Toronto, Canada. The investment has been executed through Mitsubishi Heavy Industries America, Inc. (MHIA), which joins a
Global energy investment is set to exceed USD 3 trillion for the first time in 2024, with USD 2 trillion going to clean energy technologies and infrastructure. Investment in clean energy has accelerated since 2020, and spending on renewable power, grids and storage is now higher than total spending on oil, gas, and coal.
Image: Li-Cycle. US$100 million has been invested into North American lithium-ion battery recycling specialist Li-Cycle by a venture capital (VC) subsidiary of fossil fuels industry giant Koch Industries. In a transaction announced yesterday, Li-Cycle said Koch Strategic Platforms will buy a convertible note to support its "rapidly expanding
Marubeni invests in China EV startup Byton for old batteries Race is on to recycle the devices into large energy storage units Byton plans to release an electric vehicle in 2020.
China''s renewable energy push has ignited its domestic energy storage market, driven by an imperative to address the intermittency and variability of renewable
By Razak Musah Baba 24 June 2024. Dutch civil service scheme ABP is making a $400m (€373m) equity investment into US renewable energy and storage projects company Doral Renewables. APG, the asset management arm of Netherlands'' largest pension fund ABP, is making the investment for a minority stake in Doral Renewables and will also provide
SUEZ, a world leader in circular and digital solutions for water and waste, today announced its acquisition of stakes in the innovative North American companies Airex Energy and Subeca, amounting to 8 million euros. These two investments in support of climate change adaptation and mitigation reinforce SUEZ'' innovation dynamic. They fall
Copenhagen Infrastructure Energy Transition Fund I (CI ETF I) reached first close with EUR 800m in commitments in June 2021. The fund was oversubscribed and closed at the hard cap of EUR 3 billion in August
Turnover for both facilities has risen by almost 25% from £18million in 2013 to around £22.5million this year. Proserv plans to increase the 181-strong employee base – 131 of whom are in Coatbridge – by creating around 30 new jobs over the next 12 months. These new positions will include CNC Machine Operators, Assembly, Test, and
Foresight Energy Infrastructure Partners (FEIP) has invested an undisclosed amount in a co-located pumped storage hydro (PSH) and wind project located at the disused 1,547-acre Glenmuckloch opencast coal mine in the south of Scotland. The project involves the construction of a co-located 1,600MWh capacity PSH plant and a
The energy storage market presents significant opportunities for foreign investors, especially technology providers. China has set goals to boost its non-pumped
Ardian, a world leading private investment house, in partnership with its operating platform eNordic, today announces it has taken Final Investment Decision (FID) to build Mertaniemi battery energy storage project, a 38.5MW one hour utility scale battery energy storage system (BESS) in Finland, to support the Finnish power grid.
Charlie Reid, BlackRock''s co-head of climate infrastructure for Asia-Pacific, said the firm had been looking for 2-3 years for a platform to scale up energy storage and renewables assets in
Southeast Asia is making significant investments in pumped hydro energy storage to facilitate its transition from fossil fuels to renewable energy sources. The region''s pumped hydro capacity is expected to grow from 2.3 GW to 18 GW by 2033, attracting billions of dollars in investments.
Mizuho in a separate news release confirmed that it entered into a share subscription agreement with Bison and has made a $3.64 million (CAD 5 million) investment in the company. Bison''s Meadowbrook CCS Hub (MSCH) project, located near Edmonton, Alberta, aims to develop a world-scale storage operation with a capacity of three million
SUSI Partners is investing in a rooftop and ground-mounted solar projects developer in Vietnam. SUSI, through the SUSI Asia Energy Transition Fund (SAETF), has agreed to provide a convertible loan to Asia Clean Capital Vietnam (ACCV). Financial details were undisclosed. ACCV has a near-term project pipeline offering long-term
3 · TOKYO, Jun 28, 2024 - (JCN Newswire) - - Mitsubishi Heavy Industries, Ltd. (MHI) announced today that it has invested in e- Zinc, Inc. (e-Zinc) a long-duration energy storage technology startup headquartered in Toronto, Canada. The investment has been executed through Mitsubishi Heavy Industries America, Inc. (MHIA), which joins a
The role of energy storage in the safe and stable operation of the power system is becoming increasingly prominent. Energy storage has also begun to see new
Mirova, an affiliate of Natixis Investment Managers, said its Energy Transition 5 (MET5) fund is investing in the Baltic Storage Platform, a venture created in 2023 to develop, build and operate high-capacity battery-storage plants in Estonia. Baltic Storage Platform was created by renewable energy firms Corsica Sole and Evecon.
British Strategic Investment Fund (BSIF), is acting as the sole outside investor in the financing of 30MW of operational grid-scale energy storage assets. In June last year, IPE Real Assets reported that Gresham House has raised £150m (€169.3m) in the first close of its fund. BSIF was backed by UK local government pension schemes (LGPS
China''s energy storage sector is growing rapidly, with planned capacity based on newly published tenders of projects topping 19 gigawatts for the first five
Yusuf Latief Apr 06, 2022. Image: AboitizPower. SN Aboitiz Power Group (SNAP), a joint venture between Scatec and AboitizPower (AP), has made the final investment decision for the 20MW battery energy storage system (BESS) project. The project will be located at the Magat hydropower plant in Ramon, Isabela in the Philippines.
News. Goldman Sachs'' private equity division Goldman Sachs Asset Management has invested $250m in a Canadian long-duration energy storage provider. Hydrostor, the company that has secured the funds, said the investment will help it build 8.7GWh long-duration energy storage plants in Australia and California.
The South East Asia Clean Energy Facility (SEACEF), a collaboration of international foundations seeking to accelerate the low-carbon transition in Southeast Asia, has invested at the development phase of a floating solar and storage project in Dong Nai province in southeastern Vietnam.
Image: Vecco Group. Japanese petroleum firm Idemitsu has invested in a vanadium mining, processing and electrolyte production project in Australia, while two other major upstream projects have
Infratil is committing US$233m (€197m) to establish Gurīn Energy, a renewable energy development platform to develop projects across Asia. Singapore-headquartered Gurīn Energy will invest in the development of wind and solar photovoltaic energy projects and storage solutions in Southeast Asia, North Asia and India. It is
The company is currently developing a portfolio of around 10 energy island projects around the North Sea, the Baltic Sea and in South-East Asia. The founding investor group includes major Nordic, European, and North American investors with a track record of investments in renewable energy infrastructure, such as SEB,
NORTHAMPTON, MA / ACCESSWIRE / May 28, 2024 / Southern Company. Southern Company, through a subsidiary, has made an early-stage investment in Johnson Energy Storage (JES). This investment reflects
Founded in 2023, Peak Energy is a U.S.-based company developing low-cost, giga-scale energy storage technology to accelerate the renewable energy transition. Founded by industry veterans from Tesla, Northvolt and ENOVIX, the company is on a mission to accelerate grid decarbonization while drastically lowering the cost of energy
TAKEHIRO HASEGAWA, Nikkei staff writer July 21, 2023 18:15 JST. TOKYO -- Itochu and Sumitomo Mitsui Trust Bank will launch a fund worth up to $500 million to invest in renewable energy projects in
By Florence Chong 13 May 2021. BlackRock Real Assets is investing in a portfolio of cold storage facilities in China on behalf of the funds that it manages. The assets, consisting of 15 cold chain infrastructure facilities with a total investment of over RMB6bn (€769m), are held in the Metcold Opportunity Funds I and II funds.
3 · TOKYO, June 28, 2024 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) announced today that it has invested in e-Zinc, Inc. (e-Zinc) a long-duration energy storage technology startup
How does energy storage fit into the current energy landscape and how will this change over time? What are the key cost factors and timelines for battery systems to become cost-competitive? Which business models offer the greatest revenue opportunities for storage?
Over a gigawatt of bids from battery storage project developers have been successful in the first-ever competitive auctions for low-carbon energy capacity held in
Elizabeth Ingram 8.19.2021. Share. FullCycle Climate Partners, a growth equity fund investing to scale climate-critical technology, announced its investment in InPipe Energy, a micro-hydro technology company headquartered in Portland, Ore. InPipe Energy''s In-PRV pressure recovery valve is a smart water and micro-hydro system that generates
Ørsted has approved a 600 MWh Tesla battery energy storage system at its Hornsea 3 Offshore Wind Farm site in Norfolk, UK. The system will enhance grid stability, reduce energy price volatility, and support renewable energy use. Expected to be operational by 2026, it will be one of Europe''s largest battery storage systems.
This report provides an outlook for Asia Pacific energy storage markets and synthesizes key trends, the project pipeline, market and regulation considerations,
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