Author Archive for New Power

New funding for ‘second life’ battery storage company

Connected Energy, a company that uses second-life electric vehicle batteries for energy storage, has secured £15 million in funding from five new investors. Caterpillar Venture Capital Inc., the Hinduja Group, Mercuria, OurCrowd and Volvo Energy have joined existing investors Engie…

Two JLEN battery projects delayed to 2023

Supply chain issues meant two battery projects under construction for investment fund JLEN Environmental have seen startup delayed until 2023. They are the 50MW Sandridge project (in which JLEN has a 50% interest), acquired this year, and its wholly-owned 50W…

Ørsted plans two CCS hubs in Denmark

Ørsted has announced plans to begin capturing and storing 400,000t of carbon a year from 2025 at two combined heat and power (CHP) plants in Denmark, if it gets financial support. The company says the technology and logistics for handling…