Solar Philippines bids $0.058/kWh in Meralco price challenge
Solar Philippines has offered to provide continuous PV-generated electricity to power distributor Manila Electric Co. (Meralco) at a rate of PHP 2.99 ($0.058)/kWh.
Japan: Moixa, Itochu partner on energy storage platform, announce £5 million investment
Moixa has partnered with Japanese trading house, Itochu to market its GridShare platform in Japan. The latter has also invested £5 million in the U.K. residential battery developer to fund further international expansion. The U.S. and Europe are on its radar.
Tesla shows interest in Chilean lithium
The head of the Chilean Economic Development Agency (Corfo), Eduardo Bitran said that Tesla may partner with local lithium manufacturer, SQM in the construction of a factory. The Chilean government and SQM have recently settled a dispute that began in 2014.
Battery storage challenges: Materials, longevity and project management
An academic event held last week in the U.K. presenting the results of two major research projects on energy storage provided an update on the current and future directions of battery storage technology and development.
Stem closes $80 million funding round
The energy storage company will receive the money from three different investors, including the Ontario Teachers’ Pension Plan.
VW-owned Scania to invest €10m in Northvolt’s battery cell manufacturing fab
The truck maker is to partner with Northvolt on developing and commercializing battery cells for use in heavy commercial vehicles.
SMA, Danfoss create JV to deliver solar, storage and energy management to supermarkets
The German and Danish technology firms will utilize their various expertise and platforms to help supermarket operators increase their renewable energy footprint and optimize their energy usage.
GTM Research predicts 11% reduction in the US solar market from tariffs
President Trump’s tariff decision was not the worst-case scenario for the U.S. market, but GTM Research says it will still have effects, particularly in marginal and emerging regional markets.
Battery, smart grid and efficiency companies raise $1.5 bn in VC funding in 2017 – Mercom
In 2017, battery storage, smart grid and energy efficiency companies saw a YoY increase in venture capital funding, garnering a combined US$1.5 billion, up from the $1.3 billion raised in 2016, finds the latest Mercom Capital report.
UK’s Faraday Institution announces further £42m for storage research
Backed by the U.K. government, the Faraday Institution’s latest program sees four consortia receive funding to conduct application-inspired research into addressing challenges in electric vehicle batteries.
