Peter Thiel is leading a large investment into an air energy storage startup called LightSail Energy. Thiel joins Bill Gates and Khosla Ventures as investors. Compressed air energy storage tech pumps air into tanks and releases it on demand to create a sort of air battery. Read more »
The next-generation of technology to use compressed air for energy storage is on its way. One of the companies leading the way — General Compression — has raised another $20.39 million Series B round, according to a filing. Read more »
A startup building the next-generation of compressed air energy storage, SustainX, has raised a new round of funding from investors including GE. The funds will help the company start construction on a 1 MW compressed air energy storage project with its first customer AES. Read more »
Early-stage, high-risk, and potentially game-changing — those are a few things all the companies that have been funded by the Department of Energy’s ARPA-E program have in common. I’m at the ARPA-E Summit this week and here are 10 companies to watch for. Read more »
Today on the Net: Apple is moving its iTunes music and movie service into the cloud, about a third of US residents watched the World Cup, according to Nielsen, and TiVo will supply software and services to power a next-generation TV initiative at ONO in Spain. Read more »
Here at the Department of Energy’s first ARPA-E Summit, which was created around the $400 million in grants that the DOE is giving out to early-stage clean power startups, there’s the “haves” and the “have nots.” The “haves” are the fortunate (lucky?) 1 percent of applicants […] Read more »
While everyone’s talking about new battery technologies that can store huge amounts of electricity for the power grid, for the time being the cheapest ways to store grid power is water and air — that is, pumped hydro and compressed air energy storage, or CAES. The […] Read more »
