Energy Storage Innovation Captures Attention of Investors

Among the latest developments capturing the attention of corporate and venture capital investors are California’s 1.3-gigawatt grid energy storage mandate, potential storage mandates in New York, and further subsidies in Germany for distributed storage.

In the first half of 2014, corporate and venture investment in energy storage increased by 66%, to $178 million, versus the first half of 2013, with the majority of the investment going into battery technology startups, according to Cleantech Group.

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