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British Prime Minister Theresa May has confirmed its plans to use the UK’s foreign aid budget to fight the immense problem of plastic pollution in developing countries.

As UN Environment reports, the announcement took place after Lewis Pugh, the organisation’s Patron of the Oceans, embarked on a direct campaign on the issue.

Theresa May said: “We've all been very concerned by the pictures we've seen in recent months of the impact of pollution on marine life, the impact of plastic pollution”.

She added: “We are looking at what more we can do and how we can use overseas aid money to ensure we're doing what I think everybody wants, which is reducing this terrible pollution that is taking place and affecting marine life so devastatingly”.

On Wednesday, Michael Gove, UK Environment Secretary, asked the Department for International Development (DfID) to consider increasing the proportion of the £13 million annual overseas aid budget that goes to fight plastic pollution across the world.

Lewis Pugh commented: “I've been calling on the UK to take urgent action on plastic pollution, and today we have reason to celebrate”.

“I’m thrilled that the British PM Theresa May has agreed to my recommendation and pledged to use foreign aid funds to tackle plastic pollution. It’s a global crisis and it needs to be tackled head-on”, he added.

A spokesman for the Prime Minister told The Daily Mail that “the environment secretary and the international development secretary are working together to see what more we can do”.

The details of Prime Minister’s pledge have not been announced yet, although Mr. Pugh suggests that the funds should be used on engineering, waste management strategies and innovative technology.

A new study by the Helmholtz Centre for Environmental Research (UFZ) in Leipzig, Germany, revealed that 90 percent of plastic waste entering the oceans comes from just 10 rivers, all in Africa and Asia.

 “These places are where we should be concentrating our efforts. We’ve got to prevent it getting into the waterways first. Britain must lead the world on this”,  Mr. Pugh added. 

Golden 1 Center, home of California-based basketball team Sacramento Kings, has been recognised as the world’s greenest and most technologically advanced sports and entertainment facility for 2017.

This week, Green Project Management (GPM) - one of the largest sustainability professional development organisations, has announced the recipients of its 2017 sustainability awards.

GPM, which works closely with the United Nations to advocate sustainability in all professions, awarded the prestigious award of “Project of the Year” to the Sacramento Kings and Golden 1 Center to recognise the team’s efforts on sustainability and climate action.  

Golden 1 Center is not only in the top 3 percent of high-performance buildings in the world, but Sacramento Kings is determined to use their global sports platform to engage fans, partners and the community on sustainable business practices and to help tackle climate change.

The stadium has impressive sustainability elements promoting circular economy and clean energy business models. Through an urban smart grid, the venue meets 100 percent of its power needs through solar energy.  Water is seen as a valuable resource and, therefore, water conservation practices result in 45 percent less water use than what the strict California code requires.

After the construction of the stadium ended, 95 percent of construction waste was diverted and 99 percent of demolition materials were recycled.

Through a sustainable food programme, 90 percent of food and beverage concessions are sourced locally within 150 miles around Golden Center 1, reducing the transport emissions associated with procurement and supporting responsible agricultural practices.

In addition, it manages to recycle 50 percent of the on-site generated waste,- an impressive figure considering the number of visitors that Golden Center 1 accommodates. Food and organic waste is sent for composting, and 3,000 gallons of biodiesel are produced only by recycling cooking oils.

During the past year, Golden Center 1 and Sacramento Kings managed to divert more than 28,650 pounds of food through partnerships with local food banks, which helped  reduceing food waste to a minimum.

Vivek Ranadivé, Kings Owner and Chairman, said: “We are humbled to receive this international honor. We believe businesses have a responsibility to serve as agents of change and we are proud that Golden 1 Center has been recognized as a model of sustainability”.

Golder Center 1 and Sacramento Kings make sure that the message of environmental and social sustainability is also communicated strongly to visitors and fans, raising awareness and triggering behavioural change.

Every season, the Sacramento Kings Foundation holds three “Impact Nights” that focus on health, sustainability and education highlighting local non-profit organisations.

Last month, they hosted the “Spotlight on Sustainability Night”, where they gave an opportunity to Yolo Farm to Fork, a non-profit organisation dedicated to locally-grown food and healthy eating, to take the stage and engage the audience with its message of sustainability.

Earlier this year, Golden 1 Center and the Sacramento Kings also received the “Sport for Climate Action Award” from Beyond Sport- an international organisation celebrating environmental and social sustainability in sport. 

China is set to break yet another record in solar technology by developing a world-first 150 megawatt (MW) floating solar PV plant as a new experiment aimed at cutting down the cost of solar energy.

The innovative power plant is being developed by the Chinese state-owned Three Gorges Group, and started construction in July.

Last Sunday, Chinese press agency Xinhua reported that the first phase of the gigantic 150MW solar plant was commissioned and is already supplying electricity to the grid.

The $150 million project is estimated to be completed in May 2018, and will officially break the record for the largest floating solar farm in the world.

Interestingly, the power plant is located in an array of panels affixed to a flotation mechanism atop a lake formed in Panji District, Huainan City, after a former coal mine collapsed and had to be filled with water.

The body of water was seen as an optimal location to implement the floating PV technology, with the Three Gorges company also considering establishing a complimentary fishing model that will stimulate the local economy and enrich the ecosystem services of the site.

Lu Chun, Chairman of Three Gorges Group argues that a floating solar power project of this size is an opportunity to drive down the cost of solar. Since the solar panels will be attached to floats instead of being ground-mounted, the installation process will be is cheaper and faster to complete.

The water not only helps keep the temperature cool around the photovoltaic panels, therefore, boosting their efficiency, but it also limits long-term degradation from heat.

Floating solar farms in China are also gaining increased popularity due to the fact that they are seen as a solution to problems with grid congestion in the country.

In addition, when installed in irrigation or drinking water reservoirs, they also reduce water loss through evaporation.

The current floating solar plant record is still held by China after a 40MW floating power plant located in the same district was commissioned in May.

The banking giant Barclays has launched a series of green investment products aimed at engaging not only its large corporate clients, but also small to medium-sized companies to pursue green investments.

The new range includes green loans targeting large clients which need financial support of more than £3 million across the UK, as well as international green loans for companies which are keen to invest in sustainable projects overseas.

Green asset finance and green innovation finance tools will also be available for small to medium-sized companies. Green deposits will also allow Barclay’s largest corporate clients to contribute to the bank’s green bonds.

Karl Nolson, Head of Global Lending Group at Barclays Corporate Banking, explained that Barclays is responding to the demand for green financing products because clients have started to recognise the policy push from governments towards sustainability and they can also see the economic potential ‘green growth’ offers.

He said: "We're seeing a step-change in how businesses approach sustainable investment”.

"For too long, green projects have been viewed as an added extra, but what we're increasingly hearing from our clients is a shift in mindset, with sustainability becoming more central to their overall investment strategy”.

He added: “As always, we want to help our clients stay ahead in an evolving world”.

Barclays explained that eligible projects will be selected using the Green Product Framework- a tool developed in partnership with Sustainalytics, a financial consultancy focused on incorporating ESGs into investment processes.

Qualifying projects will need to focus on energy efficiency, renewable energy, green transportation, sustainable agriculture, and sustainable waste and water management.

Last month, Barclays issued a €500 million green bond using funds backed by domestic assets. The green bond will be used to refinance mortgages on residential properties based on their carbon intensity.

Tushar Morzaria, Group Finance Director at Barclays said that this issuance “will help us diversify our investor base, attracting interest from the growing group of environmental, social and governance (ESG) investors”. 

The National Australia Bank (NAB) is set to become the first major Australian bank to stop financing new thermal coal power plants, sending a strong signal to the Australian financial sector about the future of coal in the country.

On Thursday, the bank issued a statement explaining that “NAB has an important role to play in the orderly transition to a low carbon economy”.

“An orderly approach to the low carbon transition is critical to ensure Australians can continue to have access to secure reliable and affordable energy and support our economy”.

Although the bank stated that it will honour the existing financing agreements with ongoing coal projects, it pledged that no new deals will be signed and that the bank will boost its support for renewable energy projects.

“We have seen tremendous growth in clean energy across our loan book and our customers are continually telling us that they want more ways to get involved in the market”, NAB said.

In November, Commonwealth Bank told its shareholders to expect a decline of financial support for the coal industry, indicating that the bank is unlikely to act as a lender for future large coal projects.

Jonathan Moylan, a Greenpeace campaigner, welcomed the news by saying: “This is a market-leading position for an Australian bank and is even stronger than the position taken by Commonwealth Bank last month because it is formal policy”.

Julien Vincent, Executive Director of environmental finance advocates Market Forces, commented: “NAB has lifted the bar above its competitors by becoming the first major bank to end lending to all new thermal coal mining”.

“This policy means NAB joins the ranks of dozens of banks and insurance companies globally that are withdrawing from this most climate-polluting of industries”, he added.

A few weeks ago, the Australian Prudential Regulation Authority (Apra) warned banks, lenders, and insurers that a lack of assessment of climate risks has already started affecting the global economy.

It explained that if the Australian financial sector does not further the incorporation of climate risks into its investment strategies, Apra will consider establishing a binding regulatory framework.

In a speech, Apra’s Geoff Summerhayes said: “Whether due to regulatory action or, more likely, pressure from investors and consumers, Australia’s financial sector can expect to see more emphasis on discourse around climate risk exposure and management”. 

Using specially designed power electronics, solar PV can be connected directly to electrified railways to power trains, with no need to connect to the grid. However, this has not yet been done anywhere in the world. Environmental charity 10:10 issued its first report on how small solar farms installed alongside Britain’s dc electrified tracks could provide around one tenth of the energy needed to power trains on these routes each year.

The European Bank for Reconstruction and Development (EBRD) has partnered with city mayors from all over the world to mobilise more than $1.5 billion in urban investment to help combat climate change.

The bank announced this week a partnership with the Global Covenant of Mayors for Climate & Energy (GCMCE), which is an international alliance of more than 7,500 cities and local governments that promote voluntary action against climate change, to create the Green Cities Climate Finance Accelerator.

Under the new partnership, EBRD will seek to drive climate action in up to 60 cities through providing over $500 million in ‘first-mover’ financing hoping to leverage additional contributions for city action plans and projects with a total of $1.5 billion.

Suma Chakrabarti, EBRD President, said that in order to achieve results in climate action in cities, “the EBRD will bring its deep and specific expertise in working with shareholders and financing their projects”.

He also added that the initiative can act as a lessons-learned platform to be replicated in different regions across the world. He said: “The structure and specific targets of this financing accelerator provide a working operational model which can be replicated with other financial institutions across regions of the world and built-up to a global scale”.

The partnership lies under the umbrella of GCMCE’s “Global Urbis” project, a global initiative which will help fill the urban financing gap which is currently preventing many cities from implementing climate action programmes.

To further this mission, the GCMCE also partnered with the European Investment Bank (EIB), which will play the role of offering the necessary financial advice  to increase investment in cities.

Maroš Šefčovič, Co-Chair of the Global  Covenant of Mayors for Climate & Energy, and Vice President of the European Commission, said: "Since signing the Paris Agreement, Mayors have demonstrated the power of local action to make their cities and our planet more sustainable.

“The Global Covenant of Mayors' strong partnerships with the European Commission, the EIB and EBRD, will fill a much needed gap by providing cities with new levels of access to investments, financing, and advice critical to furthering urban climate action”. 

The BNP Paribas Foundation has partnered with the Bill & Melinda Gates Foundation to launch the One Planet Fellowship programme aiming to deliver much-needed research on climate adaptation in Africa.

The One Planet Fellowship is a $15 million 5-year programme in partnership with the Agropolis Foundation; a body promoting high-level research on agricultural sciences and sustainable development.

It aims to support research to leverage French, African and wider European expertise to advance issues on smart agriculture and climate change resilience to help Africa cope with the future impacts of climate change.

The continent is considered particularly vulnerable to global warming’s consequences, and, according to scientific estimations, it is likely to suffer from prolonged periods of drought resulting in lower crop yields.

The aim of the programme is to provide additional resources to African research and enrich the resources of future scientists who will have to deal which these challenges.

Nick Austin, Director of Agricultural Development at the Bill & Melinda Gates Foundation, explained: “We believe it’s critical to nurture a new generation of climate scientists, particularly African scientists, who can build on existing agricultural research and innovations to deliver new climate adaptation solutions to help smallholder farmers and their families in the decades to come”.

To this end, 120 African researchers will be selected to be offered joint mentoring from a senior scientist in Africa and one from Europe in a laboratory in France.

After their training, these researchers will mentor two younger colleagues, one from an African institution and one from Europe. In total, the One Planet Fellowship will involve 600 scientists over 5 years.

The researchers will be hosted in the southern French city of Montpellier, where the Agropolis Foundation and its partners have created a world-class scientific community of more than 2,700 researchers and teachers specialising in the fields of agriculture, food science, biodiversity and the environment.

Jean-Laurent Bonnafé, CEO of BNP Paribas, said: “Undertaking research into climate change adaptation enables us to gain a better understanding of the current and future risks and identify the best solutions to address them”.

Pascal Kosuth, Director of the Agropolis Foundation, explained that building an African and European scientific community is an essential challenge that needs to be addressed to prepare “for our common future”.

At the same time, BNP Paribas has partnered with UN Environment to scale up green investment in emerging countries. This new partnership will attempt to identify suitable commercial projects with significant environmental and social impact, and raise $10 billion in financing by 2025.

The new partnership will target smallholder projects mainly related to renewable energy access, agroforestry, water access and responsible agriculture.

Erik Solheim, Executive Director at UN Environment, said: “The partnership with BNP Paribas sets a signal to the finance industry that ‘business as usual’ is not an option anymore. We need to design sustainable agriculture and forestry in a way that solves the climate crisis, rather than contributes to it”. 

The World Bank has announced that from 2019 it will stop financing upstream oil and gas operations, as part of a series of commitments to boost its climate contributions towards implementing the Paris Agreement.  

Although the Bank has stopped its financial support for coal-fired stations since 2010, environmental campaigners and lobby groups were pushing for the halt to almost $1 billion a year that the Bank lends to oil and gas companies in developing countries.

The World Bank explained, however, that in exceptional circumstances it will consider supporting projects where upstream gas offers significant competitive advantages in the poorest countries and goes in line with the Paris Agreement emissions reduction targets.

The announcement took place during the One Planet Summit in Paris, hosted by French President Emmanuel Macron, where numerous prestigious organisations announced ambitious climate plans.

Stephen Kretzmann, Executive Director of the Washington-based advocacy group Oil Change International, welcomed the news: “It is hard to overstate the significance of this historic announcement by the World Bank”.

“Environmental, human rights, and development campaigners have been amplifying the voices of frontline communities for decades in calling for an end to World Bank financing of upstream oil and gas projects. The World Bank has now raised the bar for climate leadership by recognising the simple yet inconvenient truth that achieving the Paris agreement’s climate goals requires an end to the expansion of the fossil fuel industry”.

Gyorgy Dallos, Senior Climate & Energy Campaign Strategist at Greenpeace International said: “The end is clearly coming for the oil and gas industry as the pace of change accelerates. The world’s financial institutions now need to take note and decide whether their financing is going to be part of the problem or the solution”.

The Bank also announced that it is well on track to meet its target of 28 percent of  total lending going towards climate finance by 2020.

In addition, it revealed that it is developing a greenhouse gas emissions report for all the projects it finances in key emissions sectors, such as energy. The report is expected to launch in late 2018 and will be published annually thereafter.

You can read the full list of World Bank’s newly announced climate projects here

During the One Planet Summit, the European Commission announced a series of climate-smart investments for Africa and the EU Neighbourhood countries worth €9 billion.

The news is part of the EU External Investment Plan, which was adopted in September to boost climate investment in partner countries in Africa and the European Neighbourhood. These are countries which lie to the east and south of the EU, including Algeria, Morocco, Egypt, Tunisia, Azerbaijan, and Ukraine.

The External Investment Plan aims to leverage a total of €44 billion of investment by 2020 through the European Fund for Sustainable Development. In addition, it aims to provide technical assistance for investment projects and develop a favourable business environment to attract further climate finance.

The initial €9 billion plan was unveiled today by Miguel Arias Cañete, European Commissioner for Climate Action and Energy, during the One Planet Summit in Paris hosted by French President Emmanuel Macron.

As explained by Mr. Cañete, the climate investments will address three targeted areas. The first area is sustainable cities, referring to projects such as waste management, water, sanitation and sustainable urban planning.

The second is sustainable energy and connectivity, supporting new low-carbon energy projects, climate-resilient energy infrastructure and reducing energy poverty. The third is sustainable agriculture and climate-resilient agribusiness.

Neven Mimica, International Cooperation and Development Commissioner, said: "These priority areas are setting the agenda for sustainable investments”.

“Unlocking the potential of sustainable energy, promoting digitalisation for development or supporting micro, small and medium-sized enterprises will help us to create sustainable development and reduce poverty, for the benefit of all”.

To further the goals of the mega-plan, the Commission will launch a new European Fund for Sustainable Development (EFSD) to support investments by public financial institutions and the private sector by lowering investment risks and, thus, leveraging additional private funding.

Jean-Claude Juncker, President of the European Commission, said: "The time has now come to raise our game and set all the wheels in motion — regulatory, financial and other — to enable us to meet the ambitious targets we have set ourselves”.

“This is a necessity dictated by our current living conditions as well as those of future generations. This is the time that we must act together for the planet. Tomorrow will be too late”, he added.  

UK Prime Minister Theresa May has announced new climate change policies to help vulnerable nations affected by climate change, declaring that it’s Britain’s duty to assist.

The announcement was made during the One Planet Summit in Paris, hosted by French President Emmanuel Macron. Mrs. May revealed that the UK will strengthen its aid to countries that are disproportionally affected by deforestation and that are vulnerable to natural disasters and extreme weather events associated with climate change.   

She said: “There is a clear moral imperative for developed economies like the UK to help those around the world who stand to lose most from the consequences of manmade climate change”.

£30 million will be allocated to the Department for International Development’s Building Resilience and Adaptation to Climate Extremes and Disasters (BRACED).

Additionally, £87 million will be provided to the Forest Governance, Markets and Climate (FGMC) Programme of the Department for International Development to support the fight against illegal tree felling and promote the fair trade of legal timber.

The UK has already offered support to Dominica, helping rebuild the Caribbean island’s destroyed water system in the wake of Hurricane Maria. Another £15 million will be allocated for additional support for the reconstruction on the island.

£8 million will be spent on better crisis and response operations on the islands affected by Hurricane Maria, including training and improvements to communication systems, casualty management training and mapping of high-risk areas.

Theresa May added: “Tackling climate change and mitigating its effects for the world’s poorest are among the most critical challenges that we face”.

“That is why I am joining other world leaders in Paris today for the One Planet Summit and committing to stand firmly with those on the front line of extreme weather and rising sea levels”.

The UK Prime Minister also renewed the country’s commitment to lead the phase-out of coal in alliance with Canada.

She described coal as “one of the dirtiest and most destructive ways of generating power” and underlined the “enormous commercial opportunity which the shift to cleaner forms of energy represents”.

“By redoubling our efforts to phase out coal, as well as build on our world-leading electric car production, we are showing we can cut emissions in a way that supports economic growth”, she added. 

French President Emmanuel Macron has awarded long-term research grants to 18 research scientists so can they continue their research on climate change in France.

Earlier this year, when US President Trump announced the country’s withdrawal from the Paris Agreement, Emmanuel Macron expressed its disappointment and reassured climate scientists that France will always welcome their expertise.

In his speech in June, he said: “To all scientists, engineers, entrepreneurs who were disappointed by the decision of the President of the United States I want to say that they will find in France a second homeland. I call them to come and work here, with us on concrete solutions for our climate and our environment. I can assure you that France will not give up the fight”.

To this end, he launched the ‘Make Our Planet Great Again’ initiative, where he called ‘responsible citizens’ from all over the world to work in France and enrich its work against climate change. The appeal addressed to researchers or teachers, businesses and entrepreneurs, associations and non-profit organisations.

The research grants are part of this initiative and seek to overcome the many scientific and technological challenges of the field. This includes climate change modelling; ecosystems; and technological and social challenges associated with the energy transition.

Initially, the grants were aimed at American researchers exclusively, but according to the organisers, they were expanded to include other countries as well.

The French President said that more than 5,000 people from about 100 different countries expressed interest. However, the majority of the grants were awarded to US-based scientists, i.e. 13 out of 18.

Research projects should last for 3 to 5 years; for senior researchers, the funding will be up to €1.5 million and for junior researchers up to €1 million.

One of the winners, Camille Parmesan from the University of Texas, said: “Macron’s appeal gave me such a psychological boost, to have that kind of support, to have the head of state saying I value what you do”.

She revealed that at the moment there are significant funding challenges in the US for climate research stating that climate researchers have a constant feeling that “you have to hide what you do”.

A new round of grants will launch at the beginning of 2018, this time in collaboration with Germany, which will allocate approximately €60 million to 50 projects.

Macron said during the ceremony: “We will be there to replace US financing of climate research. If we want to prepare for the changes of tomorrow, we need science”.

A new agreement signed between IRENA and the State Grid Corporation of China (SGCC) at the UN Climate Change Conference (COP23) in Bonn, Germany will see technical expertise from the world’s largest utility support the Agency work on integrating more renewables into grid systems.

Half of the Indian experts interviewed suggested that achieving 100% renewables by 2050 is likely, while the other half either disagreed or was undecided.

A new report from provides an analysis of the role digital assistants play in the smart home and the applications that artificial intelligence (AI) enables.

AI is fundamentally changing the way consumers interact with their homes, offering enhanced solutions, including digital assistants, that help manage energy consumption, keep homes safer and more secure, and create more intuitive home automation. Myriad opportunities exist to automate tasks and create more personal experiences with technology, especially as adoption of the Internet of Things increases and customer expectations grow. : According to a new report from , many players recognize this potential, and large tech incumbents like Amazon, Google, Apple, Samsung, and Microsoft are quickly investing in AI and digital assistants for the home.

“Current AI technologies are being used to automate tasks, identify consumer trends, and power human-like digital assistants to make people’s lives more comfortable, convenient, and efficient,” says Paige Leuschner, research analyst with Navigant Research. “Consumer-ready AI technology isn’t about creating the human-like robots portrayed in popular media, it’s about making impactful and significant progress that delivers value to consumers.”

Indeed, despite promises of market disruption and estimates of aggressive growth, AI technology is still developing, and it remains to be seen how it will evolve in the smart home. According to the report, it is important for stakeholders involved in this space to move past the hype and continue to deliver significant, real-world value.

The report, , examines how machine learning, deep learning, and neural networks fall under the umbrella term of AI. The study provides an analysis of how digital assistants play a role in this technology ecosystem and the applications that AI is enabling in the smart home. It also examines the major market drivers and barriers and technology trends related to AI, as well as the key players and digital assistants. An Executive Summary of the report is available for free download on the .

Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, Digital Assistants and AI in the Home, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

A new report from examines the market for automotive advanced batteries, providing global forecasts for capacity and revenue, segmented by vehicle powertrain and region, through 2026.

Sales of electric vehicles (EVs) are increasing rapidly as battery costs decline and mileage ranges rise. While early hybrid vehicles featured nickel-metal hydride (NiMH) batteries almost exclusively, lithium ion (Li-ion) has now taken precedence, particularly in battery electric vehicles (BEVs) and plug-in hybrid EVs (PHEVs). : According to a new report from , advanced battery energy capacity for automotive applications is expected to increase from 125 GWh in 2017 to 568 GWh in 2026, representing a compound annual growth rate of 18.3 percent.

“Volumetric energy density and longer battery life are the most important properties to consider as new advanced battery technical developments and design parameters are pursued,” says Ian McClenny, research analyst with Navigant Research. “Greater energy density remains desirable, but not at the expense of reduced service life.”

According to the report, there are various Li-ion battery chemistries in the marketplace, with no single chemistry standing out as the right energy storage solution for all vehicles. Additionally, battery manufacturers are using all types of cell formats across the industry—established manufacturers tend to favor large format cells like prismatic or pouch, while newer battery startups favor cylindrical cells.

The report, , provides a detailed examination of the growing market for automotive advanced batteries, including assessments of EV roadmaps, battery manufacturers, and vehicle OEMs. The study assesses the battery markets for different vehicle types, as well as projected sales for BEVs, PHEVs, and HEVs. Global market forecasts for capacity and revenue from automotive advanced batteries, segmented by vehicle powertrain and region, extend through 2026. The report also includes a review of the different Li-ion battery chemistries and competing energy storage technologies, such as advanced lead-acid batteries, NiMH batteries, and ultracapacitors. An Executive Summary of the report is available for free download on the .

Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, Market Data: Advanced Energy Storage for Automotive Applications, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Experience and brand presence can provide a significant competitive advantage for market players

A new Leaderboard Report from examines the strategy and execution of 14 energy services companies (ESCOs), with Schneider Electric, Siemens, and Ameresco in the lead.

Through the use of energy performance contract (EPC) or energy savings performance contract (ESPC) financing structures, ESCOs have been instrumental in providing access to energy efficiency technologies and services in market segments that would not normally be able to consider or afford capital-intensive projects. Experience and brand presence in this market can provide a significant competitive advantage, as well as high levels of competency and resources available to provide adequate, consistent, and guaranteed services over long-term project horizons. : According to a new Leaderboard report from , Schneider Electric, Siemens, and Ameresco are the leading ESCOs.

“The highest ranking ESCOs are evolving their offerings with new smart building technologies and a larger and more on-going services presence,” says Tom Machinchick, principal research analyst with Navigant Research. “Additionally, these companies are acting on deeply insightful information, reducing project risk, and including a diverse array of project components that satisfy needs throughout an organization.”

ESCOs are realizing the growing value of digital intelligence as the volume of data coming from buildings is used to create new and unique sources of information that add value before, during, and after an EPC project, according to the report. The amount of data captured from existing and new projects has allowed ESCOs to develop sophisticated statistical models for determining project risk and return profiles, which help stakeholders understand building performance and end-use customer operational, maintenance, and comfort issues.

The report, , examines the strategy and execution of 14 leading ESCOs with the experience and capacity to provide a diverse level of performance contracting projects across a broad base of client market segments. These ESCOs are rated on 12 criteria: vision; go-to-market strategy; technology strategy; partners; client segment access; geographic reach; ESCO experience; breadth of ESCO offerings; project portfolio; sales and marketing; financing; and staying power. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the ESCO performance contracting market. An Executive Summary of the report is available for free download on the .

Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, Navigant Research Leaderboard: ESCOs, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

To overcome regulatory barriers, utilities must continue to deploy pilot programs demonstrating the benefits of these technologies

A new report from examines the use of drones and robotics for electric transmission and distribution (DRTD) operations, with global market forecasts for revenue, broken out by technology, application segment, and region, through 2026.

Drones and robotics technologies have the potential to revolutionize the way utilities interact with their transmission and distribution (T&D) assets and collect critical data. As pilot programs continue to drive regulatory change, and as emerging technologies advance, Navigant Research forecasts exponential growth in the hardware, software, and services segments of the drones and robotics for transmission and distribution (DRTD) market. : According to a new report from , the total market for all DRTD segments is expected to reach $13.2 billion by 2026.

“Navigant Research has identified three core drivers for change in utility operations: speed, savings, and safety,” says Michael Hartnack, research analyst with Navigant Research. “Robotics technology has the potential to deliver significant gains in all three of these areas, primarily via ground-based, line-suspended, and aerial (drones and unmanned aerial vehicles, or UAVs) innovations.”

According to the report, utilities should continue to deploy pilot programs that demonstrate the benefits of DTRD technology, as every successful pilot program leads to the creation of many more. The prevalence of these programs is expected to help to overcome the regulatory barriers slowing the market and eventually drive significant growth.

The report, , analyzes the drivers, barriers, and regional and global trends affecting the deployment of robotics technology in electric T&D operations. The study outlines the financial, reliability, and efficiency market drivers for robotics technology while highlighting the technical and regulatory challenges that suppress its short-term penetration. Global market forecasts for DRTD revenue, broken out by technology and application segment and region, extend through 2026. The report also examines the key technologies related to robotics in utility operations, as well as the competitive landscape. An Executive Summary of the report is available for free download on the .

Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, Drones and Robotics for Transmission and Distribution Operations, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Grid operators are expected to increasingly use demand response for renewables integration as a resource to maintain system balance

A new report from examines the global market for demand response for renewables integration (DRRI), providing an analysis of market issues and forecasts for capacity and revenue, broken out by segment and region, through 2026.

Maintaining the electricity grid’s balance of supply and demand is essential to preserve system reliability. DRRI solutions can help maintain system balance by increasing or decreasing customer loads based on renewables output, while also supplying flexible capacity resources to meet specific renewable balancing needs, like ancillary services. : According to a new report from , global annual revenue for demand response for renewables integration is expected to grow from $132.1 million in 2017 to $1.3 billion in 2026.

“Increasing penetration of intermittent renewable generation on the grid raises the risk of supply-demand imbalance, so grid operators will increasingly turn to DRRI as one resource to maintain system balance,” says Brett Feldman, principal research analyst with Navigant Research. “Based on advancements in demand response technology and utility willingness to try new means of renewable balancing, DRRI is set to become a bigger piece of the flexibility investment picture.”

According to the report, several factors point to an increasing focus on DRRI that addresses both the direct and indirect effects of renewables on the grid and end-use customers. These include an increasing share of renewable energy resources in the energy supply mix, demand response’s ability to serve as an ancillary service, and its ability to leverage dynamic pricing, which addresses the impacts of intermittent renewables through indirect financial incentives to customers.

The report, , examines the global DRRI market, focusing on both C&I and residential market participants. The study provides an analysis of the market issues, including drivers and barriers, associated with DRRI solutions. Global market forecasts for capacity and revenue, broken out by segment and region, extend through 2026. The report also examines the key global trends related to DRRI solutions and provides case studies of DR programs or markets that can help address renewables integration. An Executive Summary of the report is available for free download on the .

 Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, Demand Response for Renewables Integration, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Developers face varied challenges in building and managing a rooftop solar asset portfolio and some of the key challenges have been highlighted below.

Supervisory control and data acquisition systems gained popularity in the power sector in the 1990s as means to automate industrial processes.

The prices attained in recent auctions are influenced by several factors

Automaker, utility investment is speeding the creation of DC fast charging networks at all power levels

A new report from examines the state of electric vehicle (EV) direct current (DC) fast charging deployment and key market drivers, providing global forecasts for equipment sales, segmented by power level, through 2026.

DC fast charging has gone from a niche segment of the EV charging market to the segment with a significant degree of investment and momentum behind it. Automakers are making multi-year commitments to roll out fast charging stations that will serve the coming generation of long-range battery EVs (BEVs), while also driving the push toward higher power DC fast charging—from a minimum of 100 kW up to 350 kW. : According to a new report from , global sales of DC fast chargers are expected to grow from 19,000 units to over 70,000 in 2026.

“While automaker and utility investment will speed creation of DC fast charging networks, in the long-term, these stations will have to become self-sustaining,” says Lisa Jerram, principal research analyst with Navigant Research. “This will require maximizing utilization and also creating new revenue opportunities through driver services.”

Several automakers have made the decision to invest in DC fast charging network deployment to support their long-range BEV introductions, according to the report. However, while high power DC charging is considered an important element of making drivers comfortable with purchasing a BEV, these stations are still unlikely to see high utilization in the next few years, leaving the question of a sustainable business model for DC fast charging to be resolved.

The report, , discusses the significant issues in the DC charging market today and the remaining barriers to the long-term success of DC charging networks. The study reviews the state of DC charging standards and the key players in the market. Global forecasts for DC charging equipment sales, segmented by power level, extend through 2026. The report also examines the role of automakers and different business models and use cases. An Executive Summary of the report is available for free download on the .

 Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, DC Fast Charging Equipment for EVs, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Developers face varied challenges in building and managing a rooftop solar asset portfolio and some of the key challenges have been highlighted below.

Issuances of bonds, non-convertible debentures (NCDs) included have been witnessing record volumes for past 3 years.

Impact Of GST On Solar Sector

Key Driving factors for falling bids in india

“A road map has been laid out to set up at least 50 solar parks, each capacity of 500 MW. How do you think the solar parks in India are shaping up?”

Ecoprogetti srl is the leading manufacturer of complete Turnkey Line for module manufacturing.

Growth Opportunities in the Indian PV Market & Requirement of Indian Module Companies

How important it has become for developers to have solar fencing & security systems on the solar projects

Effects of choosing the right type of wires on the overall performance of the product/ project. 

Best Practices in the BOS Procurement Industry

“ACME is really proud to participate in Indian government’s continued effort to make renewable energy more bankable and attractive for both financial investors and Indian utilities.

Mr. Neelesh Garg, Managing Director, Saatvik Green Energy

"When examined in isolation, this target appears daunting. However, viewing it in perspective of land size required, the ask is 4050 hectares of land. It still seems a far cry from reality. Now, consider it as one-third of the entire rooftop space available in Delhi. Does this sound more realistic? This is exactly what it takes to hit that goal, breaking down the numbers to a vision with high clarity and a strong sense of purpose. In a nutshell, once you can visualize it, you can achieve it. The government has launched the National Solar Mission and is providing subsidies, corporates are doing their best to market their product, yet all stakeholders are missing the mark because of one roadblock-awareness.

The prices attained in recent auctions are influenced by several factors

The importance of quality infrastructure across the solar value chain

Various Instruments For India’s Clean Energy Support Measures 

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Various Instruments For India’s Clean Energy Support Measures image4.png

 

Credits: IRENA REMap India Paper 2017

Mercom Capital Group, llc, a global clean energy communications and consulting firm, has released its latest quarterly report on funding and merger and acquisition (M&A) activity for the Battery Storage, Smart Grid, and Energy Efficiency sectors during the third quarter and first nine months of 2017. 

To get a copy of the report, visit: http://bit.ly/MercomSGQ32017

Mercom found that, in the first nine months (9M) of 2017, $1.23 billion was raised by Battery Storage, Smart Grid, and Efficiency companies, up from $910 million raised in 9M 2016.

Battery Storage

In Q3 2017, VC funding for Battery Storage companies dropped to $83 million in seven deals compared to $422 million raised in 10 deals during Q2 2017. A year earlier, $30 million was raised in nine deals in Q3 2016. In 9M 2017, $563 million was raised in 25 deals compared to $209 million raised in 29 deals in 9M 2016. 

The top VC funded Battery Storage companies in Q3 2017 were: Advanced Microgrid Solutions, which raised $34 million from Energy Impact Partners, Southern Company, DBL Partners, GE Ventures, AGL Energy, Macquarie Capital, and former California Governor Arnold Schwarzenegger; Romeo Power, which raised $30 million; and Gridtential Energy, which secured $11 million from 1955 Capital, East Penn Manufacturing, Crown Battery Manufacturing, Leoch International, Power-Sonic, The Roda Group, and the company's chairman, Ray Kubis. 

In all, 16 investors participated in Battery Storage funding in Q3 2017 with Energy Storage Downstream companies raising the most. 

The third quarter saw two debt and public market financing deals in Battery Storage totaling $45 million compared to $107 million raised in seven deals in Q2 2017. In 9M 2017, $174 million was raised in 11 deals compared to six deals that brought in $120 million in 9M 2016. 

There was one M&A transaction involving a Battery Storage company in Q3 2017 compared to three M&A transactions in Q2 2017. In the first nine months of 2017, there were five transactions (two disclosed), down from nine transactions (two disclosed) in 9M 2016. Two Storage projects were also acquired in Q3 2017.

Smart Grid

VC funding for Smart Grid companies in Q3 2017 totaled $76 million in 14 deals, compared to $139 million raised in eight deals in Q2 2017. In a year-over-year (YoY) comparison, $11 million was raised in seven deals in Q3 2016. In 9M 2017, $380 million was raised in 36 deals compared to $343 million raised in the same number of deals in 9M 2016. 

Top VC funded Smart Grid companies included: Particle, which secured $20 million from Spark Capital, Qualcomm Ventures, and previous investors; INTEREL, which raised $11.9 million in funding from Jolt Capital; Roost, which received $10.4 million in funding from Aviva Ventures, Desjardins Insurance, and Fosun RZ Capital; Tritium, which secured $8 million from entrepreneur Brian Flannery; and Innowatts, which raised $6 million from Shell Technology Ventures, Iberdrola Ventures - Perseo, and Energy & Environment Investment. 

In all, 28 investors participated in Smart Grid VC funding rounds in Q3 2017, with SG Communications companies raising the most. 

A total of $11 million was raised in one debt financing deal in Q3 2017 compared to the $9 million raised in one deal in Q2 2017. In 9M 2017, $20 million was raised in two deals compared to $217 million raised in four deals in 9M 2016. 

There were six M&A transactions (two disclosed) in Q3 2017. In Q2 2017, there were six transactions (two disclosed). In 9M 2017, there were 19 transactions (five disclosed) compared to 13 transactions (four disclosed) in 9M 2016. 

Efficiency

VC funding raised by Energy Efficiency companies in Q3 2017 came to $47 million in eight deals compared to $29 million raised in six deals in Q2 2017. In a YoY comparison, $61 million was raised in five deals in Q3 2016. In the first nine months of 2017, $289 million was raised by Energy Efficiency companies in 28 deals compared to $358 million raised in the same number of deals in 9M 2016. 

The Top VC deals in the efficiency category included: Power Survey and Equipment, which received $24 million in funding from EnerTech Capital, Investissement Quebec, Cycle Capital Management, Fonds de solidarite FTQ, and BDC Capital; Corvi, which received a $10 million strategic investment from Hero Enterprise; and Deco Lighting, which secured $8 million in funding from Siena Funding. 

In all, nine investors participated in VC funding in Q3 2017. Within the sector, Efficiency Components companies brought in the most funding. 

Announced debt and public market financing for Energy Efficiency technologies plunged to $615 million in four deals in Q3 2017 compared to the $1.4 billion raised in six deals in Q2 2017. In 9M 2017, $2.3 billion was raised in 13 deals compared to the same amount raised in 11 deals in 9M 2016. 

There was one Property Accessed Clean Energy (PACE) financing deal in Q3 2017 for $205 million versus three deals in Q2 2017 that raised $668 million. In 9M 2017, $873 million was raised in four deals compared to the $1.3 billion raised in six deals in 9M 2016. 

There were two M&A transactions (one disclosed) involving Energy Efficiency companies in Q3 2017, up from just one undisclosed transaction in Q2 2017. For the first nine months of 2017, there were seven transactions (three disclosed), down from 12 transactions in 9M 2016 (four disclosed).

To get a copy of the report, visit: http://bit.ly/MercomSGQ32017

 

About Mercom Capital Group

Mercom Capital Group, llc, is a global communications and research and consulting firm focused on cleantech. Mercom delivers market intelligence and funding and M&A reports covering Battery Storage, Smart Grid, and Energy Efficiency and Solar and advises companies on new market entry, custom market intelligence and strategic decision-making. Mercom's communications division helps companies and financial institutions build powerful relationships with media, analysts, local communities, and strategic partners. About Mercom: http://www.mercomcapital.com. Mercom's clean energy reports: http://store.mercom.mercomcapital.com/page/.

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VALUE CREATION IN THE PHOTOVOLTAIC SECTOR

Auctions in the power sector

Large-scale project funding crosses $10 billion in 9M 2017

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released a new report on funding and merger and acquisition (M&A) activity for the solar sector in the third quarter of 2017 and the first nine months of 2017.

To learn more about the report, visit: http://bit.ly/MercomSolarQ32017 

Total corporate funding (including venture capital funding, public market and debt financing) in the first nine months (9M) of 2017 was slightly lower compared to the same period in 2016, with about $7.1 billion raised compared to the $7.5 billion raised in 9M 2016. There were 143 deals in 9M of 2017 compared to 125 deals in the same period of 2016.

Looking at just Q3 2017 data, Mercom found that corporate funding in the solar sector grew 74 percent compared to Q2 2017, with $2.4 billion raised in 45 deals. In Q2 2017, $1.4 billion was raised in 37 deals. Year-over-year (YoY), funding in Q3 2017 was about 19 percent lower compared to the $3 billion raised in Q3 2016. 

“Debt financing activity outside of the United States helped bump up corporate funding in the third quarter as financing activity in the United States was muted ahead of the Suniva anti-dumping case decision,” commented Raj Prabhu, CEO of Mercom Capital Group. 

Global VC funding (venture capital, private equity, and corporate venture capital) for the solar sector in 9M 2017 rose a slight seven percent to $985 million from $925 million raised during the same period in 2016, largely due to a strong first quarter in 2017.

In Q3 2017, VC funding for the solar sector doubled with $269 million raised in 23 deals compared to $128 million raised in the same number of deals during Q2 2017. Most of the VC funding raised in Q3 2017 (72 percent) went to solar downstream companies with $193 million in 13 deals. 

The Top VC deal in the third quarter of 2017 was the $100 million raised by Indian rooftop installer CleanMax Solar. It was followed by the $56 million raised by Singapore’s Sunseap Group, the $21 million secured by Sol Voltaics, and Ampt’s $15 million. Ubiquitous Energy also raised $15 million. A total of 35 investors participated in solar funding in the third quarter of 2017. 

Solar public market funding was approximately 12 percent lower compared to the first nine months of 2016, with $1 billion raised in 9M 2017 compared to $1.2 billion raised during the same period of 2016. Public market financing fell significantly in Q3 2017 with just $79 million in four deals, down from $473 million raised in six deals in Q2 2017. 

During the first nine months of 2017, debt financing activity accounted for $5.1 billion in 51 deals, which was almost six percent lower compared to the first nine months of 2016, when $5.4 billion was raised in 55 deals. In Q3 2017, announced debt financing rose steeply to $2.1 billion in 18 deals compared to the $798 million raised in eight deals during the second quarter of 2017. 

In the top debt deals, Greenko Energy Holdings raised $1 billion in green bonds in two separate deals, $650 million and $350 million. Cypress Creek Renewables also received $450 million from Temasek. 

Announced large-scale project funding in 9M 2017 crossed the $10 billion mark, with $10.2 billion raised for the development of 117 projects. For the third quarter of 2017 alone, announced large-scale project funding came in at more than $2.8 billion in 36 deals.

Announced residential and commercial solar funds totaled $2.2 billion in 9M 2017, which was lower by almost 35 percent when compared to the $3.4 billion raised during the same period of 2016. 

The first nine months of 2017 saw a total of 58 solar M&A transactions, compared to the 48 transactions seen in the same period (9M) of 2016. There were 18 solar M&A transactions in Q3 2017, up from 11 solar M&A transactions seen in the preceding quarter (Q2 2017) and equal to the number of transactions (18) posted in Q3 2016. Of the 18 total transactions in Q3 2017, 13 involved solar downstream companies, three involved PV manufacturers, and there was one transaction each by a BOS company and an Equipment provider. 

There were 161 large-scale project acquisitions in first nine months of 2017 aggregating over 14.6 GW, compared to 145 project acquisitions totaling just 7.1 GW during the same period of 2016.

Similar to Q2 2017, investment firms and funds were the most active acquirers in Q3 2017, with 26 projects for over 2 GW, followed by project developers with 16 transactions totaling over 1.1 GW. 

Mercom tracked 296 new large-scale project announcements worldwide in Q3 2017 totaling 15.7 GW. 

To learn more about the report, visit: http://bit.ly/MercomSolarQ32017

 

About Mercom Capital Group

Mercom Capital Group, llc, is a global communications and consulting firm focused exclusively on clean energy and financial communications. Mercom’s consulting division advises cleantech companies on new market entry, custom market intelligence and overall strategic decision making. Mercom’s consulting division also delivers highly respected industry market intelligence reports covering Solar Energy and Battery Storage, Smart Grid, & Efficiency. Our reports provide timely industry happenings and ahead-of-the-curve analysis specifically for C-level decision making. Mercom’s communications division helps clean energy companies and financial institutions build powerful relationships with media, analysts, government decision makers, local communities and strategic partners. For more information about Mercom Capital Group, visit: http://www.mercomcapital.com. To get a copy of Mercom’s popular market intelligence reports, visit: http://eepurl.com/cCZ6nT.

REQUIREMENTS FOR SOLAR PV DEVELOPMENT

Presently, the unutilized roofs for roof top plant, barren and low vegetation land for ground mounted systems and Building Integrated Solar PV Plants have been using these unutilized locations for solar plant installation as these require large space for installation of power plant.

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the Battery Storage, Smart Grid, and Energy Efficiency sectors for the second quarter and first half of 2017. 

In the first half (1H) of 2017, $1.03 billion was raised by Battery Storage, Smart Grid, and Efficiency companies compared to $807 million in 1H 2016.

To get a copy of the report, visit: http://bit.ly/MercomSGQ22017

Battery Storage

Venture capital (VC) funding (including private equity and corporate venture capital) for Battery Storage companies jumped in Q2 2017 to $422 million in 10 deals compared to $58 million in eight deals in Q1 2017 due to very large funding deal. Year-over-year (YoY) funding was higher compared to $125 million raised in Q2 2016 from 10 deals. In the first half (1H) of 2017, $480 million was raised in 18 deals compared to the $179 raised in 20 deals in 1H 2016. 

The top VC funded Battery Storage companies in Q2 2017 were: Microvast Power, which raised $400 million from CITIC Securities, CDH Investment, National Venture Capital, and others; Vionx Energy received $12.75; and Moixa Technology raised $3.2 million in funding from the Greater Manchester Combined Authority, Tokyo Electric Power Company (TEPCO), and First Imagine! Ventures. 

Eleven investors participated in Battery Storage funding in Q2 2017 with Lithium-based Battery companies raising the most. 

There were seven debt and public market financing deals in Battery Storage in Q2 2017 totaling $107 million compared to $22 million in two deals in Q1 2017. In 1H 2017, there was $129 million raised in nine deals compared to three deals bringing in $69 million in 1H 2016. 

There was one Battery Storage project fund in 1H 2017 for $152 million compared to three deals raising $195 million in 1H 2016. 

Battery Storage project funding in 1H 2017 totaled $5 million in two deals compared to no deals in 1H 2016. 

There were three M&A transactions involving Battery Storage companies in Q2 2017. In Q1 2017, there was one M&A transaction. In the first half of 2017, there were four transactions (one disclosed) compared to six transactions in 1H 2016 (two disclosed). 

Smart Grid

VC funding for Smart Grid companies in Q2 2017 came to $139 million in eight deals compared to $164 million in 14 deals in Q1 2017. In a YoY comparison, $222 million was raised from 15 deals in Q2 2016. $304 million was raised in 22 deals in 1H 2017 compared to $331 million raised in 29 deals in 1H 2016. 

The top VC funded Smart Grid companies included: Actility, which secured $75 million from Creadev, Bosch, Inmarsat, Idinvest, Bpifrance, Ginko Ventures, KPN, Orange Digital Ventures, Swisscom, and Foxconn; ChargePoint raised $43 million from Siemens; FreeWire Technologies received $7.6 million; and Enervalis secured $4.8 million from LRM, Nuhma, and ABB. 

Seventeen investors participated in Smart Grid VC funding rounds in Q2 2017 with Demand Response companies raising the most. 

There was one debt and public market financing deal in Smart Grid in Q2 2017 totaling $9 million compared to no deals in Q1 2017. In 1H 2017, $9 million was raised in one deal compared to $217 million in three deals in 1H 2016. 

There were six Smart Grid M&A transactions in Q2 2017 compared to seven transactions in Q1 2017. In the first half of 2017, there were 13 transactions (three disclosed) compared to five transactions (two disclosed) in 1H 2016. 

Efficiency

VC funding into Energy Efficiency technology companies fell significantly to $29 million in six deals in Q2 2017 compared to the $213 million in 14 deals in Q1 2017 and $86 million in nine deals in Q2 2016. $242 million was raised in 20 deals in 1H 2017 compared to $297 million raised in 23 deals in 1H 2016. 

The Top Efficiency VC deals included: $15 million raised by CIMCON Lighting from Energy Impact Partners; the $5 million raised by Tendril Networks; OptiWatti raised $4 million from Taaleri Kiertotalous and Butterfly Ventures; and Illumitex raised $4 million from WP Global Partners and NEA. 

Six investors participated in VC funding in Q2 2017. Within the sector, Efficiency Lighting companies brought in the most funding. 

Debt and public market financing for Efficiency companies rebounded to $1.4 billion in six deals in Q2 2017 compared to $301 million in three deals in Q1 2017. In 1H 2017, there was $1.7 billion raised in nine deals compared to $2 billion raised in the same number of deals in 1H 2016. 

There was one M&A transaction in the Efficiency sector in Q2 2017 compared to four in Q1 2017. In the first half of 2017, there were five transactions (two disclosed) compared to 10 transactions in 1H 2016 (four disclosed).

To get a copy of the report, visit: http://bit.ly/MercomSGQ22017

About Mercom Capital Group

Mercom Capital Group, llc, is a global communications and research and consulting firm focused on cleantech. Mercom delivers market intelligence and funding and M&A reports covering Battery Storage, Smart Grid, and Energy Efficiency and Solar and advises companies on new market entry, custom market intelligence and strategic decision-making. Mercom's communications division helps companies and financial institutions build powerful relationships with media, analysts, local communities, and strategic partners. About Mercom: http://www.mercomcapital.com. Mercom's clean energy reports: http://store.mercom.mercomcapital.com/page/.

# # #

Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the solar sector in the second quarter of 2017 and first half of 2017.

Total corporate funding (including venture capital funding, public market and debt financing) in the first half (1H) of 2017 was slightly up compared to the same period in 2016 with about $4.6 billion raised compared to the $4.5 billion raised in 1H 2016. There were 97 deals in 1H 2017 compared to the 79 deals in 1H 2016.

Corporate funding in the solar sector fell in Q2 with $1.4 billion raised in 37 deals compared to the $3.2 billion raised in 60 deals in Q1 2017. Year-over-year (YoY) funding in Q2 2017 was about 17 percent lower compared to the $1.7 billion raised in Q2 2016.

To learn more about the report, visit: http://bit.ly/MercomSolarQ22017

“There is a great deal of uncertainty in the solar markets right now, which is reflected in funding activity. However, solar public companies, especially on the U.S. stock markets, have done well this year. A lot is riding on how the Suniva anti-dumping case plays out as it will dictate market dynamics going forward,” commented Raj Prabhu, CEO of Mercom Capital Group.

Global VC funding (venture capital, private equity, and corporate venture capital) for the solar sector in 1H 2017 was 23 percent higher with $713 million compared to the $579 million raised in 1H 2016, largely due to a strong first quarter in 2017.

In Q2 2017, VC funding for the solar sector saw a steep decline with $128 million in 23 deals compared to $585 million in 22 deals in Q1 2017. Most of the VC funding in Q2 2017 went to solar downstream companies (72 percent); $92 million was raised in 15 deals.

Top VC deals in 1H 2017 included the $200 million raised by ReNew Power Ventures followed by the $155 million raised by Greenko Energy Holdings, the $125 million secured by Hero Future Energies, Silicon Ranch’s $55 million, $25 million raise by Siva Power and the $25 million raise by Spruce Finance. A total of 55 investors participated in solar funding in 1H 2017.

Solar public market funding was much higher in 1H 2017 compared to the first half of 2016 with $934 million raised compared to $276 million in 1H 2016. Public market financing was slightly up in Q2 2017 with $473 million raised in six deals compared to the $461 million in 13 deals in Q1 2017.

Announced debt financing in 1H 2017 came to $3 billion compared to $3.7 billion in 1H 2016. In Q2 2017, announced debt financing fell to $798 million in eight deals compared to $2.2 billion in 25 deals in Q1 2017. There was one securitization deal in Q2 2017 by Sunnova which raised $255 million.

Announced large-scale project funding in 1H 2017 came to $7.4 billion in 81 projects. In Q2 2017, announced large-scale project funding came in at $4.8 billion in 48 deals.

Announced residential and commercial solar funds totaled $1.8 billion in 1H 2017 compared to $2.3 billion in the same period of 2016.

In 1H 2017 there were a total of 40 M&A transactions, compared to 30 in the same period of 2016. There were 11 solar M&A transactions in Q2 2017 compared to 29 solar M&A transactions in Q1 2017 and 16 transactions in Q2 2016. Of the 11 total transactions in Q2, eight involved solar downstream companies, two involved PV manufacturers, and one transaction was by a BOS company.

There were 100 large-scale project acquisitions in 1H 2017 totaling 10.6 MW, compared to 90 project acquisitions totaling 4.5 GW in the first half of 2016.

Investment firms and funds were the most active acquirers in 1H 2017, picking up 37 projects totaling 4.2 GW, followed by project developers with 17 transactions for 4.6 GW.

Mercom tracked 206 new large-scale project announcements worldwide in Q2 2017 totaling 11.1 GW.

To learn more about the report, visit: http://bit.ly/MercomSolarQ22017

 

About Mercom Capital Group

Mercom Capital Group, llc, is a global communications and consulting firm focused exclusively on clean energy and financial communications. Mercom’s consulting division advises cleantech companies on new market entry, custom market intelligence and overall strategic decision making. Mercom’s consulting division also delivers highly respected industry market intelligence reports covering Solar Energy and Battery Storage/Smart Grid/Efficiency. Our reports provide timely industry happenings and ahead-of-the-curve analysis specifically for C-level decision making. Mercom’s communications division helps clean energy companies and financial institutions build powerful relationships with media, analysts, government decision makers, local communities and strategic partners. For more information about Mercom Capital Group, visit: http://www.mercomcapital.com. To get a copy of Mercom’s popular market intelligence reports, visit: http://eepurl.com/cCZ6nT.

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