Global Infrastructure SherpaEntropy5 Receives Funding to Develop Advanced Battery Technology for Grid Storage
Entropy5 has received funding from the Department of Energy to develop advanced battery technology for grid storage applications. The project aims to improve the performance and reduce the cost of battery storage systems.
Source Intelligence
The announcement of $7.5 million of funding for a Massachusetts company to scale its organic flow battery technology capped a 24-hour period this week which saw almost $900 million of European, US, and South African loans committed to US energy storage. XL Batteries flow battery systems use an organic electrolyte, rather than vanadium. Nexamp has landed a $350 million commitment from Macquarie Asset Management to branch out into utility-scale solar and energy storage projects.
"Marlborough-based XL Batteries on Wednesday said the $7.5 million secured from New York-based venture capital backer Merrin Investors will enable it to commercially scale its long-duration energy storage flow batteries."
"Marlborough-based XL Batteries on Wednesday said the $7.5 million secured from New York-based venture capital backer Merrin Investors will enable it to commercially scale its long-duration energy storage flow batteries."
"Flatiron has secured $540 million finance from a consortium of lenders for its planned 200 MW/800 MWh Taft battery energy storage system in Uxbridge, Massachusetts."
"The providers of construction and bridge loans to Flatiron, as well as letter-of-credit facilities, included North Carolina-based First Citizens Bank, German federal state-backed lender Norddeutsche Landesbank Girozentrale, French bank Societe Generale, Spanish group Santander, and Anglo-South African business Investec."
"The providers of construction and bridge loans to Flatiron, as well as letter-of-credit facilities, included North Carolina-based First Citizens Bank, German federal state-backed lender Norddeutsche Landesbank Girozentrale, French bank Societe Generale, Spanish group Santander, and Anglo-South African business Investec."
"The providers of construction and bridge loans to Flatiron, as well as letter-of-credit facilities, included North Carolina-based First Citizens Bank, German federal state-backed lender Norddeutsche Landesbank Girozentrale, French bank Societe Generale, Spanish group Santander, and Anglo-South African business Investec."
"The providers of construction and bridge loans to Flatiron, as well as letter-of-credit facilities, included North Carolina-based First Citizens Bank, German federal state-backed lender Norddeutsche Landesbank Girozentrale, French bank Societe Generale, Spanish group Santander, and Anglo-South African business Investec."
"The providers of construction and bridge loans to Flatiron, as well as letter-of-credit facilities, included North Carolina-based First Citizens Bank, German federal state-backed lender Norddeutsche Landesbank Girozentrale, French bank Societe Generale, Spanish group Santander, and Anglo-South African business Investec."
"Commercial and industrial solar developer Nexamp has landed a $350 million commitment from Australian lender Macquarie Asset Management to branch out into utility-scale solar and energy storage projects."
"Commercial and industrial solar developer Nexamp has landed a $350 million commitment from Australian lender Macquarie Asset Management to branch out into utility-scale solar and energy storage projects."