The Anonymous Widower

Corporate Funding In Battery Storage In 2020 Was Up By 136% Compared To 2019, Mercom Says

The title of this post, is the same as that of this article on Energy Storage News.

This is a paragraph, which sums up funding worldwide.

The amount of corporate funding coming into the global battery storage industry in 2020 was more than double the amount the previous year, with over US$6.5 billion raised last year compared to around US$2.8 billion in 2019.

It appears that serious money is increasingly going into energy storage.

Some very big deals involving hundreds of millions of dollars are detailed, in countries as varied as Sweden, Taiwan, the UK and the US.

Particular mention is given to a Swedish battery battery design and manufacturing start-up called Northvolt, who raised $600 million.

Most seem to be based on lithium-ion batteries, so the future could be bright for start-up companies like Cornish Lithium!

January 21, 2021 - Posted by | Energy Storage, Finance | ,

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