Energy storage could become a $35 billion business by 2020, bolstered by more wind and solar farms coming online as well as the roll out of plug-in hybrid and electric vehicles and the deployment of smart grid technology, according to a new report by Pike Research. Read More »
This post was first published on TechPulse360
Electric cars are widely expected to be a hit with consumers. This is especially true in places such as California, where residents show a special interest in new environmental technologies.
But it is easy to wonder if hype is getting ahead of reality. Factories will take years to ratchet up the production of these low-profit autos. And the impracticality of EVs will likely delay purchases once the early adopters snap up their babies. Read More »
Tres Amigas, the developer of a transmission project that seeks to unite America’s three power grids and provide access to markets for renewable energy resources, has selected Xtreme Power to provide energy storage solution. Read More »
Infinite Power Solutions (IPS), a a Littleton, Colo.-based maker of thin-film batteries, has raised $20 million as part of a Series C financing round led by existing financial investors D. E. Shaw Ventures, Polaris Venture Partners and Core Capital Partners. New investors included Generation Investment Management, a London-based clean energy fund co-founded by former Vice President Al Gore. Read More »
Energy storage developer 24M Technologies, a spin-off of lithium ion battery developer A123Systems, has raised $10 million in a Series A funding round led by Charles River Ventures and North Bridge Venture Partners. Read More »
