Following long-duration storage is like rooting for a home team that’s always about to win next year. Lithium-ion batteries utterly dominate grid storage deployments these days. That’s great for the cost decline narrative, in the way that cheap Chinese photovoltaic cells produced a massive expansion in solar deployments. But cost obsession results in technology lock-in, … Continued
Japanese conglomerate SoftBank is known for many things, including the renewable energy ambitions of its colorful billionaire CEO, Masayoshi Son. But it is coming to be known as a big owner of U.S. solar as well. Yesterday subsidiary SB Energy announced that it will acquire a portfolio of five solar projects under development by Intersect Power, an … Continued
SAN FRANCISCO, Oct. 31, 2019 /PRNewswire/ — SB Energy Global Holdings Ltd. (SB Energy), a subsidiary of SoftBank Group Corp., and Intersect Power, LLC (Intersect Power), a utility-scale renewable energy developer, announced today that SB Energy will acquire a portfolio of five U.S. solar power plants with a combined capacity of more than 1.7 gigawatts (GW) from Intersect … Continued
Softbank Group’s SB Energy subsidiary is among investors that contributed to a successful US$30 million Series C funding round for ESS Inc, a US-headquartered manufacturer of iron flow batteries that use a proprietary saltwater electrolyte. ESS Inc emailed Energy-Storage.news yesterday to announce that the sum has been secured in an investment round led by SB Energy and Breakthrough … Continued
PORTLAND, Ore., Oct. 28, 2019 (GLOBE NEWSWIRE) — ESS Inc., a leading manufacturer of safe, low-cost and long-duration energy storage systems, announced that it has secured $30 million in a Series C investment round led by Breakthrough Energy Ventures and SoftBank Group’s SB Energy. The funding group includes new investors Evergy Ventures and leading Southeast Asia-based … Continued
