New Investments Renew Hope For Compressed Air Energy Storage

LightSail Energy, a grid-scale energy storage startup, just added $5.5 million to its coffers. New investor Total, the French Energy giant, joined Peter Thiel, Bill Gates, Khosla Ventures, and Innovacorp in the second closing of its $37.3 million Round D.

It’s still early days for energy storage and for LightSail, of which CEO Steve Crane says, “We’ve mostly had our heads down trying to productize our technology.”

LightSail’s funding announcement arrives after last week’s energy storage ruling from the California Public Utility Commission (CPUC). The CPUC is asking Southern California Edison to procure 50 megawatts of energy storage over the next eight years, according to a final decision issued Wednesday. It’s among the first state regulatory rulings that put grid storage at center stage.

Source and Read More 

If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.

LATEST ARTICLES

Value-Stacking Grid-Scale BESS in Australia

During our research for the 13th Energy Storage World Forum Virtual Conference, we found that many people in the energy storage industry face challenges in terms of value stacking grid-scale batteries in order to maximise their returns on investment (ROI). Two of our speakers, Henry Nguyen (ElectraNet) and Dave Moretto (AGL Energy) shared their views…

Read More

Optimising the Value-Stack of Distributed Energy Resources (DER)

While residential energy storage deployment has seen significant growth in several regions, there still seems to be challenges in drawing out their full value. One important issue to consider when investing in such systems would be defining the different value streams that can be tapped into. James Brown (SA Power Networks), Felix Keck (Ausgrid) and…

Read More

Reducing Cost of Energy Storage Projects

The upcoming 14th Energy Storage World Forum will feature over 40 experts in energy storage, hailing from all over Europe. These experts will be sharing their insights from recently deployed projects, and addressing the crux of key challenges currently being faced by the industry. During our research, one issue repeatedly raised was the relatively high…

Read More

★REVIEWS

“Probably the most interactive and well organized storage event on the calendar.”

★★★★★

Sales Director, S&C

“Well-designed, organized, friendly staff– and various international contacts we hope to do business with soon.”

★★★★★

Marketing Manager, Gildemeister

“High scientific content, well targeted, perfect organization.”

★★★★★

Expert Technical & Governance, Elia

Excellent networking event. The sponsorship was well worth it.”

★★★★★

Manager, ATL

View More

x