This year is proving to be the year of investing in innovative energy technology.  Mercom Capital Group reports that in the first half of 2017,  over $1 billion in venture capital and private equity funding has been invested in battery storage, smart grid and energy efficiency companies worldwide, exceeding the first-half funding benchmarks in 2014, 2015, and 2016.

Mercom Capital Group, a global clean energy communications and consulting firm, surveyed the combined venture capital funding (including private equity and corporate venture capital) and mergers & acquisitions across 89 companies in three separate sectors – Battery Storage, Smart Grid, and Energy Efficiency. Total investments in these areas amounted to $1.03 billion across the first half of 2017, a marked 25% jump from $807 million in the first half of 2016.

Continue Reading Global Funding in Sustainable Energy Tops $1 Billion in First Half of 2017

On September 13 the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) announced $37 million in funding for 16 new projects as part of its new program called Integration and Optimization of Novel Ion-Conducting Solids (IONICS). The projects that make up the IONICS program transform current technologies that overcome the limitations of current battery and fuel cell products. To learn more about IONICS, read on!

Continue Reading U.S. Department of Energy Announces 16 New Innovative Projects in Energy Storage and Conversion

In 2009, the U.S. Department of Energy (DOE) created its Advanced Research Projects-Energy (ARPA-E) division to fund energy storage projects conducted by scientists at Harvard, MIT, Stanford, and the Lawrence Livermore and Oak Ridge labs. The DOE now believes that some of the 75 battery system projects it is currently funding have the ability to transform the renewable energy storage industry in as little as 5-10 years. To learn more about these breakthrough technologies, read on!

Continue Reading “Holy Grail” of Renewable Energy Storage is Fast-Approaching

In a recent study published in the journal Nature Climate Change, researchers at Massachusetts Institute of Technology (MIT) found that it currently makes economic sense to combine large-scale energy storage systems with renewable energy projects, such as wind and solar farms, in some locations. However, this window of opportunity for investment may not last. The research team concluded that as the cost of wind and solar power systems decreases, the cost of storage systems must also come down. Otherwise, at some point it will be more profitable to add more generating capacity rather than more storage capacity. Read on for more details on the study, including the states examined and a comparison of the costs of different storage technologies.

Continue Reading MIT Study Finds Energy Storage For Renewables Makes Economic Sense in Some Locations

In the run up to the Memorial Day recess, the House and Senate have had an eventful week, with even more on tap. Although Senator Portman and Shaheen recently passed their energy efficiency bill, several energy and environment hearings continue to keep Congressmen and Senators focused on this policy area. Click here to get the full rundown from ML Strategies.

While the potential Iran nuclear deal, the budget, and spending bills dominate Congress’ attention leading up to the Memorial Day recess, committees in both chambers have not forgotten about energy policy, with several hearings on the docket. Meanwhile, the Obama Administration used last week’s Earth Day celebration to reveal part one of the Quadrennial Energy Review along with several energy and environment executive actions. Read more in the latest Energy and Environment Update from ML Strategies.