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 | , | Leave a comment

A Reason To Be Cheerful

I have a good reason to be cheerful.

When my wife died in 2007, I had the problem of what to do, with the money from the sale of her Porsche.

Peer-to-peer lending was just starting, so as a trained control engineer and mathematical modeller, I gave them a good check out!

I then put the money into an automatic peer-to-peer lender, where you deposit the money, forget it and the computer lends it out. Some of my family and friends, including my accountant were horrified.

Then came 2008 and the banking crisis. Like a Flower-Class corvette in the teeth of an Atlantic gale, it bounced safely through the crisis.

Since, then it has earned more than the stock market and grown.

And it repeated a similar safe passage through the Covid-19 crisis.

It does seem that there are always people with a good credit ratings that want to borrow money.

How much of the money borrowed in 2020 was for home improvements to cater for a home office or home schooling?

Conclusion

I blame my mother! I got my skill with and feel for numbers, from her genes and the tutoring she gave me,

She had won a scholarship to Dame Alice Owen’s School, but was unable to go to University, due to lack of funds, so she became a comptometer operator in the Account’s Department at Reeves, who used to make artist’s materials and were based just round the corner from where I now live.

That was probably, the only sort of job a mathematically bright young lady could do in the 1920s.

January 3, 2021 Posted by | Finance | , , , | Leave a comment

Gore Street Energy’s £60mln Fundraise Significantly Oversubscribed

The title of this post, is the same as that of this article on Proactive Investors.

Surprise! Surprise!

Well not to me! Or I suspect Which!

This article on Which is entitled Solar Panel Battery Popularity Is Booming: Should You Buy One?

I have read the article and it leaves, the overall impression, that the UK population are thinking seriously about adding batteries to their solar panels.

So if the UK population is thinking seriously about personal energy storage, it would be very surprising if professional fund managers weren’t thinking the same.

After all, I did write World’s Largest Wind Farm Attracts Huge Backing From Insurance Giant, over two years ago.

So if we’re operating and commissioning offshore wind farms like these.

We’re going to need some humungous batteries to tide us through calm periods.

As I write this post on a Monday afternoon, the UK is generating 11.5 GW of electricity by wind, which is more than we’re generating by biomass, coal and nuclear combined.

This is a quote from Alex O’Cinneide, who is Gore Street Capital’s chief executive, in the Proactive Investors article.

We are looking forward to deploying this capital against our significant global pipeline of 1.3GW and towards the capital expenditure requirements in the company’s existing 440MW portfolio.

Gore Street certainly seem to be expanding, their portfolio of batteries.

Conclusion

The City of London has discovered renewable energy and found a way to fund it, to the benefit of all investors, from the guy with a pension managed by a reputable company to global insurance companies, funds and other companies, who have billions of pounds, dollars or euros, that needs a profitable home.

The next big development will come, when a company like Gore Street goes Giga and decide to fund Gigawatt batteries being developed by the next generation of energy storage companies, like Gravitricity, Highview Power, Siemens Ganesa and Zinc8.

 

December 14, 2020 Posted by | Energy, Energy Storage, Finance | , , | Leave a comment

Start-up Bags $7m To Bring Tourists To Edge Of Space On A Balloon

The title of this post is the same as that of this article on SiliconRepublic.

This paragraph describes it.

The start-up aims to use a series of space balloons – attached with a pressurised capsule – to fly equipment and tourists to the edge of space on a six hour flight. The company’s first test flight of its Neptune 1 craft is expected towards the end of Q1 2021 from NASA’s Kennedy Space Center Shuttle Landing Facility. While the first test will consist of an uncrewed, unpressurised capsule, Space Perspective hopes to begin crewed operations by 2024.

What a concept!

  • It’s affordable edge of space travel for all!
  • Learn more from their web site.
  • From the pictures, it looks like each trip would carry about ten passengers, in normal clothes,
  • I can see lots of these installed over the world.
  • When can I book, a trip on one of these from Central London? Or from somewhere in say the mountains of Switzerland?

On this page of their web site, they describe a typical flight.

Flown by a pilot, Neptune takes up to eight passengers called “Explorers” on a six-hour journey to the edge of space and safely back, where only 20 people have been before. It will carry people and research payloads on a two-hour gentle ascent above 99% of the Earth’s atmosphere to 100,000 feet, where it cruises above the Earth for up to two hours allowing passengers to share their experience via social media and with their fellow Explorers. Neptune then makes a two-hour descent under the balloon and splashes down, where a ship retrieves the passengers, the capsule, and the balloon. Neptune’s commercial human spaceflight launches are regulated by the FAA Office of Commercial Spaceflight.

Note.

I’ve already flown at 60,000 feet in an aircraft. In Concorde!

Even a humble Airbus A320 can fly at 41,000 feet.

Splashdown in the Thames Estuary or Lake Geneva? Why not?

No-one ever had a worthwhile idea or made a useful fortune by thinking with the herd.

December 6, 2020 Posted by | Finance, Transport, World | , , , | Leave a comment

Equinor and SSE Renewables’ Dogger Bank Wind Farm Reaches Financial Close

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

It is a very matter of fact article to record the fact that SSE and Equinor have raised three billion pounds for the first two sections of their 3.6 GW wind farm on the Dogger Bank, in the middle of the North Sea.

Wikipedia indicates, they will be operational around 2023-2025.

All very boring! But we’ll see a lot more deals like this.

November 27, 2020 Posted by | Energy, Finance | , , , | 1 Comment

Green Jet Fuel Plant Developers’ Ioy As World Economic Forum Backs Method As Best Aviation Solution

The title of this post, is the same as that of this article on Business Live.

This is the first paragraph.

The World Economic Forum has backed sustainable aviation fuel as the most promising decarbonation policy for aviation, delighting the developers of a £350 million refinery on the Humber.

I bet Velocys are delighted.

I also think, that, the biodiesel, that they can produce, is a short term solution to the decarbonisation of rail freight and the heaviest vehicles powered by diesel.

It’s so much better than throwing the rubbish into landfill.

November 17, 2020 Posted by | Energy, Finance, Transport | , , , , | Leave a comment

M&G To Invest £150m In UK Battery Start-Up Zenobe

The title of this post, is the same as that of this article on the Financial Times.

Good to see M & G getting involved in funding batteries.

 

November 13, 2020 Posted by | Energy, Energy Storage, Finance, Transport | , | Leave a comment

Crossrail 2 Falls Victim To £1.8bn TfL Bailout

The title of this post, is the same as that of this article on the Construction Enquirer.

It appears that one of the conditions of the bailout of Transport for London, is that ongoing consultancy on Crossrail 2, will be scrapped.

As someone, who lives in an area, that will benefit enormously from Crossrail 2, I still feel that this is a good idea, as for the last few years, the transport system in East London has coped well and other improvements already in the pipeline, will keep things going until the economy recovers from the covids and a rathional decision can be made about Crossrail 2.

November 2, 2020 Posted by | Finance, Transport | , | 9 Comments

Foresight, Island GP To Build 700 MW Of Zero-Subsidy Solar In UK

The title of this post, is the same as that of this article on Renewables Now.

This is the two opening paragraphs.

UK infrastructure and private equity investment manager Foresight Group LLC has set up a joint venture (JV) with solar project developer Island Green Power to work together on a UK pipeline of close to 700 MW.

The companies plan to jointly develop five projects in England and Wales, Foresight said on Thursday. The schemes will be implemented without any subsidies.

Surely, what is significant, is that this joint venture, appears to be viable without subsidy.

Who’d have thought that the UK would be able to have this amount of solar power, without government or taxpayer support?

The cost of solar must be dropping like a stone!

October 24, 2020 Posted by | Energy, Finance | | Leave a comment

Lithium Project Raises Millions In A Day

The title of this post, is the same as that of this article on Cornish Stuff.

This is the introductory paragraph.

Cornish Lithium raised over £3m yesterday to fund new exploration and today opens up the crowd fund to the community.

It does seem to have been a very successful funding.

This to me is a key paragraph.

The company say they are delighted to note that approximately 15% of the pre-registered investors were from Cornwall.

The Cornishmen and Cornishwomen seem to be backing their local business!

October 15, 2020 Posted by | Finance | , , , | Leave a comment