The new funding will be used to expand and automate the manufacturing process of the company's second-generation iron flow battery technology. The new module design is incorporated into the company's Energy Warehouse™ (EW) containerized storage product and introduces its utility-scale product platform, the Energy Center™ (EC). (Source: ESS Inc., PR, NewsWire, 28 Oct., 2019) Contact: ESS Inc., (855) 423-9920 www.essinc.com
More Low-Carbon Energy News ESS Inc., Battery, Energy Storage,
According to Energy Vault, its technology enables renewable energy to be stored in 35-ton bricks and delivered as baseload power for less than the cost of fossil fuels at any time.
The global energy storage market is expected to reach 22.2 GW in 2023, from nearly 5 GW at the end of 2018, according to a GlobalData report.
. (Source: Softbank, greentechlead, 15 Aug., 2019)
Contact: Energy Vault, Robert Piconi, CEO, firstname.lastname@example.org, www.energyvault.ch
SoftBank Group, www.softbank.jp/en
More Low-Carbon Energy News Softbank, Energy Vault, Energy Storage,
As previously reported, the original $200 billion project was intended to have a 200 gigawatts (GW) capacity by 2030. (Source: WSJ, Reuters, 30 Sept., 2018) Contact: SoftBank Group, www.softbank.jp/en
More Low-Carbon Energy News Solar, SoftBank,
Korean solar energy specialist Daemyung GN, together with Intromedic, LS Industrial Systems and Korea East-West Power plan to invest approximately $925 million to construct the 300-MW solar power station. (Source: SoftBank, Maeil Business News Korea, 6 May, 2018) Contact; SoftBank, SBEnergy, SoftBank Group, www.softbank.jp/en
More Low-Carbon Energy News SB Energy Corp, SoftBank, Solar,
GCL will provide technology and SoftBank will assist in land acquisition and regulatory approvals for the 4 GW project. SoftBank will hold 60 pct of the venture's shares and GCL will own 40 per cent, according to a Shenzhen stock exchange filing.
Funding for the project will come from SoftBank's Vision Fund with over $93 billion, making it the world's largest private equity fund.
(Source: Softbank, Business Standard, 2 April, 2018) Contact: GCL System Integration Technology, en.gcl-power.com/site/integrated; SoftBank Group, www.softbank.jp/en
More Low-Carbon Energy News SoftBank, Solar, GCL System Integration Technology,
Previous SoftBank - Saudi deals include a $93 billion tech investment fund that was announced in May 2017, with backing by the Vision Fund and Saudi Arabia's Public Investment Fund. (Source: SoftBank Group, TechCrunch, 29 Mar., 2018) Contact: SoftBank Grouo, www.softbank.jp/en
More Low-Carbon Energy News Solar, SoftBank,
Mongolia has a power-supply capacity of 1130MW, consisting of 88 pct coal, 6 pct diesel, 6 pct renewable energy, and 2 pct hydropower, sources according to the Department of Energy, Mongolia, 2015. The country plans to increase renewable energy's share to 20 pct by 2020 and to 30 pct by 2030.
(Source: Clean Energy Asia, PR, Various Media, 9 Oct., 2017)
Contact: Clean Energy Asia LLC, SoftBank Group Corp.,
SB Energy Corp.,
Kenichi Yuasa, +81.3.6889.2300,
More Low-Carbon Energy News Clean Energy Asia, Wind,
Invenergy Japan GK and SB Energy Corp will develop, finance, build and operate the 10.5 MW Queens Solar farm in Fukushima Prefecture and the 10.4 MW Koumi Kogen Solar park in Nagano Prefecture. The two projects are slated to be operational in fiscal 2018.
Invenergy Japan holds a 60 pct stake in each of the two project companies, while SB Energy holds the balance.
The partners plan to collaborate on the development of additional projects, according to the announcement.(Source: Invenergy, PR, SB Energy Corp, Various Media, 21 April, 2017) Contact: SB Energy Corp., www.softbank.jp/en/energy; Invenergy, Amy Francetic, Snr. VP New Ventures and Corporate Affairs, (312) 224-1400, http://invenergyllc.com
More Low-Carbon Energy News Invenergy, Wind,
The Fund "will finance emerging energy breakthroughs that can deliver affordable and reliable zero carbon emissions," according to a statement.
In addition to Gates, other Fund participants include Amazon founder and CEO Jeff Bezos, Alibaba executive chairman Jack Ma, Virgin Group founder Richard Branson, Kleiner Perkins venture capitalist John Doerr, LinkedIn co-founder Reid Hoffman, SoftBank founder and CEO Masayoshi Son, and others.
The fund is also connected to the Breakthrough Energy Coalition. The Coalition's climate-change mitigation funding focuses on electricity, transportation, agriculture, manufacturing and buildings. (Source: USA Today, Various Others, 13 Dec., 2016)
More Low-Carbon Energy News Clean Energy, Low-Carbon Energy, Bill Gates, Climate Change,