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Green Circle Decarbonize Technology Limited Announces Closing of the Underwriter's Over-Allotment Option in Connection with its Initial Public Offering
Globenewswire· 2026-02-12 16:50
Company Overview - Green Circle Decarbonize Technology Limited is a Cayman Islands holding company that develops and manufactures Phase Change Material (PCM-TES) storage systems, focusing on applications in cooling and heating systems through its Hong Kong subsidiary, Boca International Limited [5] Offering Details - The company announced the closing of the sale of an additional 375,000 ordinary shares at the IPO price of $4.00 per share, resulting in gross proceeds of $11,500,000, which includes the previously announced IPO gross proceeds of $10,000,000 [1] - The offering was facilitated by RBW Capital Partners LLC as the representative underwriter, with Revere Securities LLC acting as the co-manager [2] Regulatory Information - A registration statement on Form F-1 related to the offering has been filed with the U.S. Securities and Exchange Commission (SEC) and was declared effective on December 30, 2025 [3]
NeoVolta Provides Financing Update on Transformational Battery Manufacturing Joint Venture
Globenewswire· 2026-02-12 13:30
Core Viewpoint - NeoVolta Inc. has successfully raised approximately $23 million through financing transactions to support working capital and fund its joint venture in battery energy storage manufacturing, with mass production expected in mid-2026 [1][2][8] Financing Transactions - The company completed a $7 million initial capital contribution to its joint venture, NeoVolta Power, LLC, which is structured in three phases [2][3] - The financing includes a $13 million private placement and a $10 million registered direct offering, generating net proceeds of approximately $9.4 million [7] Capital Commitment Structure - NeoVolta's total committed capital contribution to the joint venture is structured in three phases: - Phase 1: $7 million initial contribution completed in January 2026 - Phase 2: $8 million due by April 30, 2026 - Phase 3: $10 million at commissioning [3][7] Operational Milestones - The joint venture is progressing towards operational milestones at the Georgia facility, with mass production targeted for mid-2026 [5][8] - The facility is designed to produce IRA-compliant, American-made battery energy storage systems [11] Market Opportunity - The joint venture is expected to expand NeoVolta's total addressable market to over $45 billion by 2030, including $15 billion in residential storage and $10 billion in commercial and industrial storage [11] - At full utilization, the initial annual production capacity of 2 GWh could represent approximately $400 million in annual revenue potential [11] Management Commentary - The CEO of NeoVolta highlighted the significance of the financing transactions in advancing the Georgia battery manufacturing joint venture and emphasized the company's focus on disciplined capital deployment [8]
Clarios selects its Meadowbrook facility in Holland, Michigan, as assembly site for supercapacitor systems
Globenewswire· 2026-02-12 12:03
Core Insights - Clarios has announced that its Meadowbrook facility in Holland, Michigan, will be the assembly site for supercapacitor systems, enhancing its U.S.-based supply chain and supporting significant OEM customer programs [1][5] - This initiative is part of Clarios' broader $6 billion investment strategy aimed at establishing a resilient domestic supply chain for advanced energy storage technologies and strengthening U.S. manufacturing capabilities [2] - The program leverages the expertise of Maxwell Technologies, a developer of supercapacitor cells and modules, reinforcing Clarios' position as a leader in high-performance, short-duration energy storage [3] Company Developments - Clarios' supercapacitor systems, also known as ultracapacitors in certain applications, are designed for 12V and 48V automotive architectures, providing rapid charge and discharge performance for critical automotive functions [4] - The assembly operations at the Meadowbrook Plant represent a significant milestone in Clarios' U.S. manufacturing strategy, ensuring long-term readiness for OEM customer programs [5] Industry Context - Clarios is recognized as a global leader in advanced low-voltage battery technologies, powering nearly every type of vehicle and found in one of every three cars on the road today [6] - The company emphasizes sustainability, aiming for 100% recyclability of its products and recycling 8,000 batteries per hour within its network [6]
1月新型储能招标透视:大型集采占比近九成,宁夏、山东领跑区域细分赛道
Core Insights - The article provides an analysis of the energy storage bidding market, highlighting trends in project bidding and the overall market dynamics for January 2026 [4][5]. Bidding Market Overview - In January 2026, a total of 253 energy storage bidding segments were tracked, showing a year-on-year decrease of 5.2% and a month-on-month decrease of 31.3% [4]. - The bidding segments include various components such as EPC, energy storage systems, battery packs, and more, with a significant decline in the number of bids for energy storage systems and EPC projects [4]. Bidding Scale - The energy storage system bidding scale reached 1.9 GW/45.5 GWh, reflecting a year-on-year increase of 4.0% and 245.8%, but a month-on-month decrease of 51.5% and 150.7% [5][6]. - The EPC (including PC) bidding scale was 10.7 GW/26.2 GWh, with a year-on-year increase of 57.9% and 46.5%, but a month-on-month decrease of 25.5% and 32.6% [5][6]. Regional Distribution - In January, Ningxia led the national energy storage bidding market with an EPC bidding scale of 7.2 GWh, including multiple projects in Yinchuan [8]. - Shandong province showed strong performance in user-side projects, with a total EPC bidding scale of 1.3 GWh, where user-side projects accounted for 61.5% of the total bidding scale [8]. Application Scenario Distribution - The energy storage system collective procurement scale was 39.8 GWh, making up 88% of the total, with major contributions from companies like Huadian Group and Green Development Group [11]. - Grid-side projects accounted for 11% of the total bidding scale, with a notable 2 GWh project from State Power Investment Corporation [11]. Bidding Entities - A total of 62 entities participated in energy storage system bidding, showing a year-on-year decrease of 8.8% and a month-on-month decrease of 22.5% [13]. - For EPC bidding, 130 entities participated, reflecting a year-on-year increase of 18.2% and a month-on-month decrease of 13.9% [13].
Energy Vault Announces Upsize and Pricing of $140 Million Convertible Senior Notes Offering
Businesswire· 2026-02-12 04:53
Core Viewpoint - Energy Vault Holdings, Inc. has announced the pricing of $140.0 million in convertible senior notes, indicating a strategic move to raise capital for its sustainable energy storage solutions [1] Group 1: Financial Details - The company priced $140.0 million aggregate principal amount of 5.250% convertible senior notes due 2031 [1] - The offering was conducted as a private placement to qualified institutional buyers under Rule 144A of the Securities Act of 1933 [1] - The offering was upsized, reflecting strong demand from investors [1]
Aqua Metals to acquire Lion Energy
MINING.COM· 2026-02-11 22:10
Core Viewpoint - Aqua Metals is acquiring Lion Energy to enhance its capabilities in the energy storage market and manage the entire battery lifecycle [1][2][3] Group 1: Acquisition Details - Aqua Metals has entered into a term sheet to acquire Lion Energy LLC, an energy storage systems provider [1] - The acquisition aims to leverage Lion Energy's brand, intellectual property, capital, technical talent, and manufacturing capabilities [2] Group 2: Strategic Intent - The transaction is expected to add significant revenue to Aqua Metals while expanding its participation in the growing energy storage market [3] - The CEO of Aqua Metals emphasized that energy storage is a natural extension of their battery materials strategy, aiming for a vertically integrated US-based battery supply chain [4] Group 3: Market Impact - Following the announcement, Aqua Metals' stock decreased by 6.9%, with a market capitalization of $12.8 million [4]
Aqua Metals Enters Into a Term Sheet to Acquire Leading Energy Storage Company Lion Energy
Globenewswire· 2026-02-11 14:00
Core Viewpoint - Aqua Metals, Inc. has announced its intention to acquire Lion Energy, LLC, aiming to create a comprehensive platform that integrates energy storage products, energy management software, recycling, and battery materials, thereby enhancing its position in the expanding energy and virtual power plant markets [1][2][3] Company Overview - Aqua Metals is a pioneer in battery metals recycling and refining, utilizing proprietary AquaRefining™ technology to deliver sustainable energy storage solutions [16] - Lion Energy, based in Utah, has established a significant presence in the U.S. energy storage market, achieving approximately $50 million in revenue in 2025 [5][6] Strategic Rationale - The acquisition is expected to add meaningful revenue to Aqua Metals while expanding its participation in the rapidly growing energy storage market, which is driven by increasing demand for AI data centers and reliable distributed power solutions [3][7] - Lion Energy's vertically integrated energy software and systems platform will enable Aqua Metals to support advanced use cases such as demand response and fleet-level orchestration [6][9] Market Dynamics - The U.S. energy storage market is experiencing rapid growth, with battery storage capacity increasing by 59% annually, positioning the combined entity to capture market opportunities driven by electrification and decentralized power needs [7][9] - Utility-scale deployments are projected to rise by approximately 66% in 2024, indicating strong demand for energy storage solutions [8] Transaction Details - The acquisition will be conducted as an all-stock transaction valued at approximately $25.8 million, with potential additional shares based on Lion Energy's performance post-transaction [11][12] - Following the acquisition, Lion Energy will operate as a wholly-owned subsidiary of Aqua Metals, maintaining its current executive and management team [13] Future Outlook - The combined company is expected to advance across three growth areas: energy storage systems, battery manufacturing, and critical minerals recycling, aligning with the increasing focus on domestic supply chains [9][10]
Merus Power Delivers an Energy Storage System for Extreme Arctic Conditions
Businesswire· 2026-02-11 07:00
Group 1 - Merus Power Oyj has signed a battery energy storage deal valued at approximately 13 million euros with Neve Oy [1]
Aegis Critical Energy Defence Corp. Reports Strategic Progress Across Energy Storage, Nuclear Integration, Partnerships & Market Growth and Corporate Restructuring of Hydrogen Asset
TMX Newsfile· 2026-02-10 23:07
Core Insights - Aegis Critical Energy Defence Corp. is advancing its Battery Energy Storage Systems (BESS) offerings and has formed partnerships to integrate these systems into critical infrastructure and defense sectors, with a new product rollout targeted for late Q2 2026 [1][2] Company Developments - Aegis has submitted a proposal for a ~90 MWh grid-scale BESS project in Ontario, with a $500,000 bond posted for the Independent Electricity System Operator's Long-Term 2 Request for Proposals, expected outcome in Q2 2026 [3] - The company has established a new subsidiary, Homeland Nuclear Energy Inc., focusing on Small Modular Reactors (SMRs) and Micro Modular Reactors (MMRs) to meet energy security and decarbonization goals [4] - Aegis has executed a Memorandum of Understanding with Malahat Energy Systems and Ontario Tech University to advance hybrid nuclear energy architectures integrating SMRs with BESS [5] Strategic Partnerships - Aegis is collaborating with Pixii Americas to supply next-generation battery solutions for telecommunications, reflecting strong market demand for resilient energy solutions [9] - The company is in discussions with a top-three Canadian telecommunications operator to enhance network reliability through integrated energy solutions [9] Market Expansion - Aegis is expanding into the U.S. market, having initiated its first operational installation in the Carolinas, with further installations planned in Indiana [9] - The company is aligning its capabilities with NATO-aligned governments to support energy resilience in defense-critical areas, particularly in Arctic and sub-Arctic regions [9] Financial and Structural Changes - Aegis has entered into a debt settlement agreement involving the issuance of 4,165,719 common shares of its subsidiary, Subco, at a deemed price of $0.02 per share [11] - Aegis plans to distribute 3,749,319 Spin-Out Shares to its shareholders, with the arrangement subject to various approvals [12][14]
Hinen Brings New 15kW Three-Phase Low-Voltage Hybrid System to ENEX 2026
Globenewswire· 2026-02-10 15:44
Core Insights - Hinen will participate in ENEX 2026, showcasing its latest energy storage solutions tailored for European markets [2] - The company will highlight its newly launched H15000T 15kW three-phase low-voltage hybrid inverter and BP5000 5kWh low-voltage battery module [3] Industry Trends - Poland is accelerating its energy transition due to rising electricity prices, increased rooftop PV adoption, and a growing demand for energy independence [4] - Three-phase energy storage systems are becoming essential for large residential homes and light commercial users [4] Product Features - The H15000T inverter supports 100% three-phase unbalanced output, ensuring stable power delivery [4] - It features three independent MPPTs and allows for up to 150% oversized PV input, optimizing solar harvesting from complex rooftop layouts [5] - The system includes a backup switch time of ≤10ms for seamless power continuity during outages and can handle high-power appliances [5] - Smart load management capabilities allow users to consume surplus solar energy locally, improving self-consumption and system efficiency [6] Battery Module Specifications - The BP5000 battery module has a stackable, plug-and-play design with capacity expansion options from 5kWh to 120kWh [7] - It operates safely in temperatures ranging from -20°C to 60°C and includes intelligent BMS protection and remote monitoring via the Hinen App [7] Product Portfolio - Hinen will present a complete energy storage portfolio at ENEX 2026, including all-in-one residential systems and portable power products [8] - The lineup features various models, including the H5S, H15S, H25T, and the H12000H-EU paired with the B8900M-HA battery [9] Company Background - Hinen has over 20 years of advanced manufacturing experience and is publicly listed on the Shenzhen Stock Exchange [10] - The company serves as an ODM partner for over 400 global brands, ensuring quality and cost efficiency through a vertically integrated supply chain [10] - Hinen has offices and service teams across Europe, the UK, Australia, and Africa, combining global technology expertise with local support [11]