Consolidation could be just what the fledgling flow battery industry needs. Two flow battery companies are about to complete a months-long effort to combine forces. It’s a rare instance of elective M&A in this challenging sector of the energy storage industry, where acquisitions often happen after a bankruptcy or insolvency. North America’s Avalon Battery will […]
- Tag "M&A"
Analysts call the move “a further evolution of the trend of commercial solar into more patient capital.” Another community and commercial solar developer goes to an infrastructure fund, with the Monday announcement that U.S.-based JLC Infrastructure has purchased Connecticut’s Greenskies Renewable Energy. The benefits afforded by the JLC acquisition are threefold, according to Greenskies vice […]
Shell’s Mark Gainsborough on renewables, hydrogen and bringing together the oil giant’s burgeoning family of clean-energy businesses. PARIS : Shell expects its filling stations to eventually become fossil-fuel-free. But getting there will require major changes, and in the energy business, change often means subsidies. So it is with hydrogen, says Mark Gainsborough, executive vice president […]
Ørsted has expanded its footprint in the solar-plus-storage space via the acquisition of a US developer. The firm, Denmark’s self-styled largest energy group, used a recent Q1 2019 update to reveal an agreement to buy a subsidiary of US-based Coronal Energy. The statement did not name the subsidiary in question but contacted by sister title […]
The former Greensmith is leaning hard into fast-moving international markets. Greensmith burst onto the scene as an early storage integrator, capable of making disparate technologies work well with new batteries. Months after it delivered a 20-megawatt system in four months for the Aliso Canyon gas leak response, it joined the wave of U.S. storage startups […]
The Los Angeles startup found a well-capitalized backer for its charging network software platform. Shell New Energies, a subsidiary of oil major Royal Dutch Shell, acquired EV charging startup Greenlots, claiming a bigger stake in the emerging electric mobility marketplace. Greenlots will keep its brand and leadership, and will become the “foundation” of Shell’s electric […]