Battery storage firms raised nearly US$5 billion corporate funds in first quarter of this year
Corporate funding into the battery storage sector in the first quarter of this year totalled US$4.7 billion across 17 deals, a huge leap from the equivalent period of last year, according to a new report from Mercom Capital. Research firm Mercom Capital’s quarterly report into the battery storage, smart grid and energy efficiency sectors tracks financial activity in corporate funding, venture capital (VC) and mergers & acquisitions.
US could be a 12GWh energy storage market in 2021
Nearly 12,000MWh of energy storage could be installed in the US during 2021 and the market will continue growing significantly over the next few years, according to research and analysis group Wood Mackenzie Power & Renewables.
Europe predicted to deploy nearly twice as much electrical storage in 2021 than last year
Europe’s cumulative electrochemical energy storage installation capacity has gone past the 5GWh mark and this year is likely to see installations almost double from 2020’s figures.