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21 October 2010

Energy storage developer General Compression raises more than $20m

Energy storage technology developer General Compression has closed the remaining portion of its Series A financing, raising $20.9m in the second tranche of its first round of financing.

18 October 2010

Ice-based energy storage developer Ice Energy raises $24m to support deployment

Benefiting from the initial $4.5m private equity investment from a newly-launched energy efficiency initiative between TIAA-CREF Green Building Technology fund and Good Energies, US-based smart grid-enabled distributed energy storage solutions provider Ice Energy has completed a $24m round of Series C funding that it said will support its deployments in the North America region.

8 October 2010

Acciona signs agreement with Pamplona City Council for electric vehicle charging project

Acciona Energy will install and manage the first electric vehicle charging network on the streets of Pamplona under a cooperation agreement signed today between Pamplona City Council, Acciona Energy, and the Government of Navarre, Spain. The three entities will drive a pilot project to promote electric mobility that includes the installation of up to ten charging points in the city.

4 October 2010

Wind manufacturer Vestas to participate in ITM hydrogen fuel trials

Denmark-headquartered wind turbine manufacturer Vestas Wind Systems has signed an agreement to participate in energy storage and clean fuel company ITM Power’s hydrogen on site trials (HOST) for its transportable high pressure refuelling unit (HFuel).

27 September 2010

Beacon Power secures federal contract to develop renewable energy storage system

US-based advanced energy storage systems company Beacon Power will develop critical components for an advanced ‘flying ring’ flywheel energy storage system over a two-year period that will integrate renewable energy, under a new federal contract.

22 September 2010

GM may give used EV batteries to utilities

General Motors (GM) and manufacturing conglomerate ABB Group will collaborate on a pilot project to re-use the batteries from GM’s Chevrolet Volt hybrid electric vehicle, with the aim of using them to store renewable energy.

13 September 2010

Iberdrola to invest €4.8bn in UK renewable energy sector by 2012

Spain-based energy giant Iberdrola will invest €4.8bn in UK-based renewable energy and energy efficiency projects over the next two years, with the majority of the funds dedicated to wind power, smart grid and distribution networks.

13 September 2010

A123 Systems unveils largest lithium-ion battery manufacturing facility in North America

Advanced battery developer A123 Systems has opened the largest lithium-ion automotive battery production facility in North America.

13 September 2010

GE’s power storage technology brings energy security to remote Canadian region

A hydrogen assisted renewable power (HARP) project jointly developed in British Columbia, Canada by state-owned power utility BC Hydro, General Electric (GE) and Powertech, is expected to reduce the Bella Coola community’s reliance on diesel generators.

8 September 2010

Universal Bioenergy sees record Q2 sales of $14m

California-based alternative power company Universal Bioenergy (UB) reported record sales of $13.96m for the second quarter ending 30 June despite the company not recording revenues in the prior two to three years.

7 September 2010

Mitsubishi confirms Peugeot electric vehicle collaboration

Mitsubishi has confirmed to NewNet that it will build a compact electric vehicle in collaboration with Peugeot in Spain.

3 September 2010

Renewable energy company African Alternative Technologies targets disused mines for energy storage

South Africa-based renewable energy company African Alternative Technologies said it plans to develop electricity storage systems in disused mineshafts throughout the country.

26 August 2010

Intertek acquires next generation battery testing equipment

Quality and certification specialist Intertek has invested in a new range of battery and energy storage test equipment, which it will market in Europe, the US and Asia.

6 August 2010

US invests $1bn in carbon capture and storage network

Four clean technology developers have secured $1bn in funding from the US Department of Energy to create a clean coal repowering and carbon dioxide storage network to spur the carbon capture market.

4 August 2010

Venture arm of General Motors invests in hybrid vehicle developer Bright Automotive

The venture capital arm of US car giant General Motors has committed its first funding and will take a minority stake in electric vehicle specialist Bright Automotive.

4 August 2010

Lotus, Intelligent Energy aim to make fuel cell hybrid London taxi road legal in Q3

Car-maker Lotus and partner company Intelligent Energy hope to make their zero-emissions fuel cell hybrid London taxi road legal in the third quarter of the year, a spokesperson has told NewNet.

4 August 2010

UK Energy Technologies Institute launches energy storage demonstration programme

UK-based Energy Technologies Institute has called on organisations to take part in an energy storage demonstration scheme by designing innovative technologies.

4 August 2010

New Jersey cleantech fund spurs development of next-gen smart solar energy storage

Alternative energy system developer Princeton Power Systems is to develop a $1.5m next-generation energy system that combines solar with smart grid control and lithium-ion batteries by the end of the year, funded by the New Jersey’s Clean Energy Manufacturers Fund.

27 July 2010

Energy storage system developer Xtreme Power raises $29.5m

Texan integrated smart power management and energy storage system developer Xtreme Power has raised $29.5m in venture capital funding, according to a report.

26 July 2010

New York passes law to accelerate fly-wheel energy storage plant deployment

New legislation in the US state of New York has been passed that specifically exempts flywheel-based energy storage facilities of less than 80MW from New York Public Service Commission jurisdiction.

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