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Tracxn – Analyst Notes # 1322 – Energy Storage

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Soonicorn Club

  •  Minicorn

    Ionic Materials (2012, Woburn, $65M) – Solid state polymer electrolyte material
    Market: Energy Storage > Component Developer > Battery > Electrolyte

Analyst Picks

  • Pi Charging (2015, San Bruno, $14.4M) – Wireless charging solution for mobile devices
    Market: Energy Storage > Charging Solutions > Wireless Charging > Consumer and Power Electronics
  • Cuberg (2015, Stanford, $900K) – Solid State Lithium Ion battery developer
    Market: Energy Storage > Batteries > Lithium-Ion
  • Airthium (2015, Paris, $120K) – Compressed air energy storage (CAES) battery
    Market: Energy Storage > Energy Storage Systems > Integrated Energy Storage > Terrestrial Storage
  • Charge CCCV (2014, Ithaca, $7.5M) – Multiple battery technology developer
    Market: Energy Storage > Batteries > Multi-Chemistry
  • ReVibe Energy (2014, Gothenburg, $450K) – Energy harvesting by converting vibrations into electricity
    Market: Energy Storage > Charging Solutions > Wireless Charging > Consumer and Power Electronics

Funding Rounds

Venture Debt, $25M
FuelCell Energy (1969, Danbury, $65M) – Installs fuel cell power plants

Investors: Hercules Capital

Post IPO, $13.7M
Redflow (2005, Brisbane) – Power Storage manufacturing company

Series B, $7M
Chargifi (2013, London, $10.4M) – Proximity advertising through wireless charging station

Investors: Accelerated Digital Ventures, Hewlett Packard Enterprise, Firstminute Capital

Series A, $6.1M
Geli (2011, San Francisco, $19.5M) – Develops energy storage operating software


Post IPO, $5.5M
REDT Energy (1989, London, $6M) – Manufacturing Vanadium Redox Flow Batteries

Series A, $2M
FastCAP System (2008, Boston, $11.4M) – Manufactures ultracapacitors


Post IPO, $645K
EEStor (2001, Toronto, $3M) – Ultracapacitor technology developer

Seed
Engenie (2011, London, $2M) – Infrastructure for electric vehicle charging

Investors: Investec

Series C
Ionic Materials (2012, Woburn, $65M) – Solid state polymer electrolyte material

Investors: Total

Series E
VionX Energy (2002, Woburn, $116.1M) – Develops Vanadium Redox Batteries

Conventional Debt
VionX Energy (2002, Woburn, $116.1M) – Develops Vanadium Redox Batteries

M&A

  • FuelCell Energy Enters into Definitive Agreement to Sell Project to NRG YieldGlobeNewswire
  • Canadian Solar completed sale of 80.6 MWp solar energy project in Brazil to Global Power Generation PR Newswire
  • Total buys stake in U.S. battery developer Ionic Materials Reuters
  • EnSync Energy Announces Sale of Solar Power Purchase Agreement for Honolulu Apartment Building Global Renewable News
  • Contemporary Amperex Technology Canada Limited Announces Acquisition of Units in North American Nickel Inc. GlobeNewswire
  • Apple’s First PowerbyProxi Patent Application Surfaces about a Charging Mat with an Object Detection System Patently Apple
  • Dana invests £21 million in Birmingham operation Machinery Market
  • Acquisition Of Evatran By China-Based Company ‘Off The Table’ Due To Regulatory Environment Citybizlist
  • Voltabox acquires engineering company Concurrent Design Evertiq
  • Xcel Energy Purchases Foxtail Wind Energy from NextEra Power Engineering

IPO

  • China regulator approves battery giant CATL’s $2 billion IPO: Xinhua Reuters

New Product Announcement

  • Exide Launches Advanz, India’s first completely sealed and maintenance free batteryCore Sector Communique
  • Anker Launches New Soundcore Vortex Over-Ear Bluetooth Headphones Channel International
  • Exide Technologies Unveils Lithium-Ion Battery to Power Material Handling Systems at MODEX 2018 PR Newswire
  • SUN Mobility launches swappable batteries for two, three-wheelers ElecTrans
  • FedEx adds a hydrogen fuel cell van to its fleet Engadget
  • BYD to deliver a fleet of all-electric trucks to San Francisco Goodwill Electrek
  • Wireless Charging System developed on Kia Soul EV finchannel.com
  • McPhy presents large-scale electrolysis platforms gasworld
  • Official Images Of The New BYD Qin Pro Hybrid Sedan For China Car News China
  • BYD to unveil all-new concept E-SEED at Auto China 2018 Gasgoo.com
  • Nel expands H2Station product range with new compressor and increased fuelling capacity gasworld
  • Ceres Power unveils 5 kW SteelCell SOFC stack, V5 SteelCell technology Green Car Congress
  • Elistair Announces Its Ligh-T Version 3, The Next Generation Of Compact Tethered Drone Stations UAS WEEKLY
  • Use the NuIQ Wireless Power Technology Platform to Develop Efficient Wireless Charging Products EverythingRF
  • The World’s First IOTA-Fueled Electric Charging Station is Released by ElaadNLCoinspeaker
  • VRLAs have Ten-Times More Conductivity in the Negative Plate PowerPulse
  • Gencell Fuel Cell Power Solution for Telecom, Utilities and Mission-Critical Application to Make German Debut at Hannover Messe FuelCellsWorks

New Market Entry

  • Element Power Takes Over Irish Offshore Wind Project Offshore Wind

New Geo Entry

  • China’s Lishen plans first European sales office for electric vehicle batteries – sourceReuters
  • BYD Electric Bus Enters Europe, US, Japan, South Korea Yicai Global

Business Partnership

  • Huayou Cobalt Eyes New Energy Vehicle Market Through JVs With South Korean FirmsYicai Global
  • MGM Resorts will use solar array to power Las Vegas casinos The Las Vegas RJ
  • NuCurrent Partners With GaN Systems On Wireless Charging Compound Semiconductor
  • Canadian Solar Partners with Global Investment Holdings to Develop and Provide Services for up to 300 MWp Solar Projects in EMEA PR Newswire
  • Engie and sonnen partner on French solar-plus-storage package PV-Tech
  • Sungrow Partners with Greensmith to Deliver State-of-the-Art Solar Plus Storage Technology to Massachusetts PR Newswire

Company Announcement

  • Sungrow to expand its production facilities into India PR Newswire
  • Melrose takes control of GKN Evertiq
  • Grupo Bimbo, Largest Bakery in the World, Signs Agreement with Invenergy for 100 Percent Renewable Energy for U.S. Operations GlobeNewswire

Regulatory Issue

  • CCI slaps Rs 215 cr fine on Eveready, Indo National, others, for unfair biz ways Indiatimes

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