Battery management system provider Brill Power has closed a US$10.5 million (£8.75 million) Series A funding round, with the business targeting the electric vehicle battery market as a result.
New multi-million pound funding has been provided by HSBC UK to Octopus Electric Vehicles (EV) to support the growth of its salary sacrifice scheme, which it launched last year.
Nearly a fifth of the government’s total energy technologies investment must be spent on energy storage batteries between 2025 and 2030 to meet renewables targets, Cornwall Insight has said.
Ofgem and Innovate UK have unveiled the four challenge areas for the second round of innovation funding as part of their Strategic Innovation Fund (SIF).
Clean energy firm TagEnergy has secured a €450 million (£376 million) investment to drive the initial delivery of its 2.7GW global pipeline - including projects in the UK.