Shell, Sumitomo invest in LO3 Energy to develop blockchain-based community microgrids
Two corporate heavyweights have announced investments in the New York-based developer and operator of peer-to-peer energy platforms. The funding will allow LO3 to scale its blockchain-based community energy networks worldwide.
HPX invests in Pu Neng’s storage tech
Pu Neng claims it has now drawn more than $90 million in total investment in its vanadium redox flow battery technology, but the Beijing-based manufacturer did not disclose the terms of its deal with High Power Exploration (HPX).
Sumitomo installs 125 kW redox flow battery in Taiwan
The Japanese electrical equipment supplier provided the battery to Taiwan Power Research Institute, which will pair the system with variable renewables such as solar in a pilot project.
Canadian Solar secures $36m credit for Japanese project expansion
The JPY 4 billion credit facility with Japan’s Sumitomo Mitsui Finance and Leasing Company will be steered towards solar project development in the country.
Sumitomo Corp. to develop 32.3 MW in Fukushima
The Tokyo-based group will oversee construction of the ¥13 billion ($114.3 million) project in the city of Minamisoma, on the east coast of the Japanese island of Honshu.
