follow the money: who is funding energy storage and why - energy storage companies

Learn about energy storage in the United States, especially in California-
It's heating up. just follow the money.
Green Charge Networks, the Silicon Valley Storage installer, announced on Tuesday that the company had Consolidated $10 million in funding from TIP Capital into project financing.
Green charging installation lithium-
Enterprise ion batteries, they can give up owning storage devices and pass the long term
It's a regular contract.
"Energy storage is the goal that many clean energy financing companies are working to achieve," said Vic Shaw, CEO of the green charging network, founded in 2009.
"Everyone realizes that this is coming and they need to get on the bus.
"This rental model has successfully expanded the roof solar panel facilities for homes and businesses that can use solar energy without having to pay tens of thousands of dollars in advance to own the equipment.
Installers generally believe that solar power is cheaper than utility power, although savings are often not guaranteed for the duration of the contract.
Storage installers tend to market their services to businesses and government agencies that want to reduce so-
It is called "demand fee ".
"Utilities charge fees to help pay for the preparation for generating and delivering electricity to meet customer needs, especially when demand is high.
Unlike residential customers, the energy needs of corporate customers can change a lot throughout the day or day to day, so it is a tricky thing to ensure that there is enough power.
This fee may account for 50% of the monthly bill.
When the power demand of enterprises is high, the energy storage system can reduce the bill by releasing energy.
Green charging is a newbie in the very young energy storage market, and due to a new state plan that is expected to start to blossom in several states such as California, the plan requires utilities to use energy storage to manage intermittent solar and wind energy flowing into the grid.
The program allows utilities to own storage projects, or to purchase storage services from developers, including developers who operate systems that are leased to homes and business owners.
Since the California regulator approved the storage plan in last October, we have seen some storage installers and technology developers raise funds and announce new services.
Installers Stem has prepared $5 million in funding to finance leasing storage systems for commercial customers.
SolarCity said it would start doing so and take advantage of Tesla Motors's battery, which CEO Elon Musk is the chairman of SolarCity.
Solar Grid Storage provides storage for solar panels and when I caught up with the company in last October, it was raising $50 million.
Lithium is used for green charging, Stem, SolarCity and solar grid storage-ion batteries.
At the same time, companies developing alternative batteries are also attracting investors.
Primus Power recently raised $20 million in venture capital to bring its mobile batteries to market.
Most of the battery systems are too expensive and require larger deployments to reduce costs and become more affordable.
A system includes not only batteries that generate electricity, but also electronic and software that controls cooling, charging and discharging.
California regulators hope their new energy storage program will help reduce the cost of equipment and installation.
Tesla plans to invest $5 billion in lithium
Even though it mainly serves the electric car market, the ion battery factory has done something similar.
Collect enough on-site data to show that the battery can run and last, and if it does not exceed the promised time, it is very important for installers to queue up to raise more money.
Shao said the on-site data his company collected from the two-year installation helped persuade TIP Capital, a Michigan equipment finance company, to set up a $10 million loan for project financing.
Green fee network signing 1. 5 megawatt-
Since its first installation in New York two years ago, hours of contracts have been signed.
Companies that buy lithium-
SAFT and Samsung's ion batteries are expected to pay 5 megawatts for a $10 million fund
Shao said it was installed for several hours.
Data from its customers, such as 7-
He added that an average of 15% of utility bills were saved in 11 years.
Customers who choose to lease rather than purchase equipment directly sign contracts for a period ranging from 5 to 20 years.
The term of the contract depends on factors such as the customer's credit and the terms of the building lease.
The startup raised an undisclosed private share capital from Richard lovintal, founder of ChargePoint, a developer of electric vehicle charging stations.
Shao is working to raise a new round of venture capital, but declined to disclose the amount.