Energy storage investment surges

How has corporate funding impacted the energy storage sector?

New Delhi, Aug 16 (PTI) The global corporate funding in the energy storage sector more than doubled to USD 15.4 billion during the January-July period, according to Mercom Capital. The investments include Venture Capital (VC) funding, debt financing, and public market financing, the US-based research firm said in its latest report.

Why did energy storage investments double in the first half of 2024?

The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited. Global energy storage investments more than doubled to USD 15.4 billion in the first half of 2024, driven by strong VC funding and debt financing, according to Mercom Capital.

Why did solar stocks rise Thursday?

Solar stocks rose Thursday after Tesla announced record-high energy storage deployments in the fourth quarter. The electric vehicle producer also makes batteries for customers looking to store solar energy. The announcement comes after a Tesla gigafactory in Shanghai reportedly began trial production earlier this week.

Why did solar stocks rally Thursday?

Solar stocks rallied Thursday after Tesla (TSLA) said it deployed a record amount of energy storage products during the fourth quarter. The Invesco Solar ETF (TAN), which tracks a swath of solar companies, gained 5% Thursday, while SolarEdge Technologies (SEDG) and First Solar (FSLR) advanced 9% and 6%, respectively.