U.S. Storage Industry Posts Record Q3 Numbers

Q3 U.S. storage installations reach 3,515 MWh; liquid CO2 storage co Energy Dome w/series A funding of $11 million, eyes 100-MWh project for Italian utility; Ford - w/F-150 Lightning EV pickup reservations at 200,000 - is now focused on converting reservations into firm orders; China sells 429,000 EVs in November; EEI announces national EV charging coalition of over 50 utilities; SEA Electric to convert 10,000 diesel buses to electric over next five years; bp buys electric fleet charging mgmt co AMPLY Power; Swiss co Blackstone Resources presents 3-D manufacturing process for li-ion battery cells; Commonwealth Fusion Systems raises $1.8 bn in series B funding round, w/goal of commercializing fusion energy.

1) Q3 U.S. storage installations reach 3,515 MWh, w/AZ, CA, and TX leading the charge

2) liquid CO2 storage co Energy Dome raises series A funding of $11 million, trials a 2.5 MW/4 MWh demo project, and plans for 100-MWh Italian utility project;

3) Ford is no longer taking F-150 Lightning reservations, but working to convert the existing 200 k reservations into firm orders while doubling annual prod'n capability from 40,000 to 80,000 units;

4) China registers 429,000 EVs in November, w/80% pure electrics. By comparison, the U.S. sold 378,500 EVs in 1st 10 mos of 2021;

5) EEI announces National Electric Highway Coalition - w/51 investor-owned utilities, one co-op, and TVA - aimed at supporting network of EV fast-charging stations on US highways;

6) SEA Electric wins order from Midwest Transit Equipment to convert 10,000 existing diesel buses to electric over five years - w/V2G capability;

7)electric fleet charging mgmt co AMPLY Power snapped up by bp, gaining capital to expand with offerings such as charging-as-service. bp plans to operate 70,000 EV charging points across the globe by 2030;

8) Swiss company Blackstone Resources rolls out a 3-D manufacturing process for li-ion cells, allowing for thicker power storage layers & boosting energy density by 20%;

9) Commonwealth Fusion Systems raises $1.8 bn in series B funding round, w/goal of commercializing fusion energy and building "the world's first commercially relevant net energy fusion machine."