The head of SoftBank’s renewable energy subsidiary, SB Energy Global Holdings, says his firm is committed to growing its presence in international clean energy markets despite ongoing financial struggles at the parent company — and new ones stemming from the coronavirus pandemic. “SoftBank is not exiting the solar business or the renewables business,” SB Energy Global … Continued
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
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
