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Competition is heating up in the race to install home battery systems, with heavy hitters and nimble startups all vying for a piece of the market. Tesla may have led the pack for years, but recently it has been feeling the heat from upstarts like Base Power, which has raised $2 billion in less than…
Energy storage startup Base Power began selling its massive home battery systems to residents of Illinois yesterday, Canary Media reported. Crucially, it’ll be the startup’s first foray into the grid territory operated by PJM Interconnection, the largest U.S. grid operator by territory, and one that has particularly struggled to cope with an onslaught of new…
First Tesla, then Ford, and now GM — it seems every automaker wants a slice of the energy storage market. It’s easy to see why. While EV sales have stagnated in the United States, sales of large, stationary batteries have doubled in the past two years. And they show no signs of stopping. Despite incentives being…
The race to secure power for AI data centers has spilled over into some unusual places, including the automotive world. Battery recycler Redwood Materials kicked off the trend last year with a new energy storage division and a project that attached old EV packs to a Crusoe data center in Nevada. Then, Ford said it…
Venture capitalists have placed increasingly bigger bets on AI startups, investing over half a trillion dollars into the sector over the last five years. But these days, the smartest AI investment might be in energy, according to a report by Sightline Climate. Researchers found that up to 50% of data center projects that have been…
Google, Tesla, and data center developer Verrus are among a group of companies arguing that the electrical grid is being underutilized and they want everyone — especially politicians — to know about it. The three companies along with HVAC giant Carrier, virtual power plant company Renew Home, distributed energy resource developer Sparkfund, and smart electrical…
When Manuele Aufiero was a child, his parents would take him hiking along a reservoir in northern Italy. It wasn’t a typical reservoir, though. This one drained and refilled constantly, with pumps raising the water level when electricity was cheap. When nearby cities needed electricity, the pumps would reverse, turning into generators as the water…
Just over a year ago, Moxion Power closed its doors, adding its name to a list of high-profile bankruptcies that roiled the climate tech world in 2024. The portable battery startup had raised more than $110 million in a bid to replace diesel generators at festivals and construction sites, but even that wasn’t enough to…
GM is sending new and old EV batteries to recycler Redwood Materials, which then repurposes the packs for stationary energy storage, the two companies announced today. Second-life batteries from GM have already made their way through Redwood’s process and into a 12 megawatt microgrid at the company’s Sparks, Nevada, headquarters. Electricity from that installation then…
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…