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Battery Specialist ESS Raises $30Mn for Expansion (Ind. Report)
ESS Inc.
Date: 2019-10-28
Wilsonville, Oregon-based commercial-scale floe-battery energy storage systems specialist ESS Inc, reports it has secured $30 million in a Series C investment round led by Breakthrough Energy Ventures and SoftBank Group's SB Energy and various new investors.

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,  


Energy Vault Scores $110Mn Softbank Investment (Ind. Report)
Energy Vault, Softbank
Date: 2019-08-16
Tokyo-based Softbank Group is reporting a $110 million investment in Switzerland-based energy storage specialist Energy Vault. Energy Vault, which launched in 2018, is presently partnered with Mexican materials company CEMEX and Tata Power Company in India.

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, media@energyvault.ch, www.energyvault.ch SoftBank Group, www.softbank.jp/en

More Low-Carbon Energy News Softbank,  Energy Vault,  Energy Storage,  


Saudis Scuttle Massive SoftBank Supported Solar Project (Int'l Report)
SoftBank
Date: 2018-10-01
Following up on our March 30th coverage, it is being widely reported by the WSJ and others that Saudi Arabia has scuttled a $200 billion plan with Toky-headquartered SoftBank Group Corp to construct the world's largest solar-power-generation project in favour of a long term, less focused renewable energy strategy.

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,  


SB Energy Investing in 300MW Korean Solar Farm (Int'l)
SB Energy Corp
Date: 2018-05-07
Tokyo-based SB Energy Corp., the renewable energy arm of Japanese conglomerate SoftBank, reports it has inked a Memorandum of Understanding (MoU) with the Daemyung GN consortium to invest in a 300-MW solar farm to be built in Yeongdeok County, North Gyeongsang Province, Korea. The total amount of SoftBank funding has not been revealed.

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,  


SoftBank Supports $930Mn Indian Solar Initiative (Int'l Funding)
SoftBank,GCL System Integration Technology
Date: 2018-04-06
SoftBank Group Corp reports it will launch a $930 million Indian joint solar PV energy venture with Chinese firm GCL System Integration Technology Co Ltd as part of its India solar investment roadmap.

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,  


SoftBank, Saudis Planning Massive $200Bn Solar Power Plant (Int'l)
SoftBank
Date: 2018-03-30
Tokyo-headquartered SoftBank Group Corp. is reporting a memorandum of understanding (MoU) with Saudi Arabia to for the construction of a $200 billion, 200 GW solar power plant expected to come online by 2030. The development will be the largest of its kind in the world.

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,  

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