Thin-film manufacturer and developer First Solar is among the investors in a US$50 million funding round for grid-scale storage specialist Younicos, with the money raised set to fuel the latter’s expansion.
The eligibility of energy storage systems for a programme financing energy efficiency and renewables through property tax assessment shows that the technology is maturing rapidly, according to the CEO of the North American arm of Sonnenbatterie.
Leading US installer SolarCity is raising US$113 million through a bond sale to technology investor, Silver Lake Kraftwerk, the company's chairman, Elon Musk, and CEO Lyndon Rive.