Tag: #renewables14 results
Energy storage mergers are surging across battery tech, integration, and assets, with recent deals like Haolun Zhe's safety firm buy and nuclear firm's plant acquisition. Demand from AI computing infrastructure, renewables, and grids drives growth, projecting 2026 global installs at 438GWh. Chinese firms expand overseas via M&A and factories.
US-Iran conflict risks triggering a global energy crisis. Light storage companies (solar PV + batteries) stand to gain historical opportunities. Crisis may turn into fortune for renewables.
Norwegian startup Photoncycle raised €15M in Series A funding to commercialize seasonal energy storage technology across Europe. The round was led by NordicNinja and Voima Ventures, with participation from Lifeline Ventures, Eviny Ventures, Luminar Ventures, and Momentum. It targets households and businesses to bridge Europe's energy storage gap.
Elon Musk expressed amazement at China's fast pivot to solar and electric future, foreseeing major drop in oil and gas needs. Comment responds to data projecting 12% EV share in vehicle fleet by 2025.