energy storage

Tesla’s energy storage business gets sucked into the company’s downward spiral

Climate /

Even Tesla’s energy storage business, which has been a small, yet notable bright spot, can’t escape the cloud that’s hanging over the company. For the second consecutive quarter, deployments of its Powerwall and Megapack stationary storage products have declined, according to stats released by Tesla. In the second quarter of this year, the company installed […]

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Finland warms up the world’s largest sand battery, and the economics look appealing

Climate /

It doesn’t look like much, but Finland recently flipped the switch on the world’s largest sand-based battery. Yes, sand. A sand battery is a type of thermal energy storage system that uses sand or crushed rock to store heat. Electricity — typically from renewable sources — is used to heat the sand. That stored heat

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Clean energy investment hits new highs and shows no sign of slowing

Climate /

The world is set to invest nearly twice as much in clean energy as fossil fuels this year, according to a new International Energy Agency report. While fossil fuel outlays are still significant — about $1.15 trillion this year — they’ll be dwarfed by clean energy, which is expected to receive $2.15 trillion in 2025.  But

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Tesla pleads for Senate to spare its booming energy business

Climate /

Tesla is a business built, in part, on government regulations and incentives, from a Department of Energy loan guarantee in 2009 to the regulatory credits it sells to other automakers, which have driven a third of its $32 billion in profits since 2012.  Now, the company’s energy business — a rare bright spot amid faltering demand

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XL Batteries is using petrochemical infrastructure to store solar and wind power

Climate /

Plenty of materials — from sulfur and sodium to manganese and organic molecules — have tried to topple the ubiquitous lithium-ion battery. And, so far, they’ve all failed. Organic batteries, which are built from some of the most abundant chemicals here on Earth, including carbon, oxygen, and nitrogen, has been perhaps the most frustrating failure.

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Amazon continues renewable energy spree with 476 MW purchase

Enterprise /

Renewables notched another win as Amazon signed contracts to buy 476 megawatts of wind and solar on the Iberian Peninsula.  The power purchase agreements with multinational utility Iberdrola should help Amazon feed new data centers it has planned in the region. Last May, the company said it would invest $17 billion in infrastructure projects, including

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Former watch trader is now building the AWS of grid storage, Terralyr

Fundraising /

Phillip Man was burned out. He had founded a watch trading company with his flatmate, but the grind was wearing him down. “We did that for ten years,” Man said. “It’s very difficult to keep yourself motivated when you know the whole reason for your operation is to sell expensive stuff to wealthy people.” He

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Former watch trader is now building the AWS of grid storage, Terralayr

Fundraising /

Phillip Man was burned out. He had founded a watch trading company with his flatmate, but the grind was wearing him down. “We did that for ten years,” Man said. “It’s very difficult to keep yourself motivated when you know the whole reason for your operation is to sell expensive stuff to wealthy people.” He

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Storio is helping other businesses unlock more value from solar energy

Climate /

Meet Storio, a French startup that’s focused on providing smart energy storage for commercial and industrial customers. Founded in 2023, the startup raised a €5 million seed round earlier this year (around $5.5 million at current exchange rates) and has signed its first client. Storio believes solar panels have a bright future. But the company

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Zeno emerges from stealth to crib Tesla’s master plan for Africa and beyond

Climate /

When Elon Musk published Tesla’s first “master plan” in 2006, it seemed a bit far-fetched that batteries would end up changing the automotive industry, much less global power production and consumption. Today, as electric vehicles continue to gain market share and massive batteries displace smoke-spewing power plants from the electrical grid, that notion seems less

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