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Behind-the-Meter Battery Pioneer Stem to Take SPAC Route to Public Markets

GreenTechMedia

Stem, the decade-old behind-the-meter battery startup that was seeking a buyer earlier this year to bolster its growth ambitions, is now launching a plan to go public via a special-purpose acquisition corporation (SPAC) reverse merger. Friday’s announcement names Star Peak Energy Transition Corp. and abroad. and abroad.

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Review calls for more energy flexibility and smart water meters in GB

Smart Energy International

Britain’s National Infrastructure Commission has called for further investment and upgrading of the electricity and water infrastructures among others. There should be increased adoption of electric vehicles, with a nationwide network of at least 300,000 public charge points across the country by 2030. But we need to get on with it.”

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Solar Net Metering Under Threat as Shadowy Group Demands Intervention in State Policies

GreenTechMedia

Solar net metering, the backbone of the U.S. A nonprofit group that’s spent years fighting clean energy legislation in New England is pressing federal regulators to approve a legal argument that could lay the groundwork for challenges to the solar net metering policies now in place in 41 states.

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Puerto Rico’s 1.5 million smart meter replacement get go ahead

Smart Energy International

Puerto Rico utility Luma’s smart meters will replace the almost 1.5 million meters that were damaged by Hurricane Maria in September 2017. Other benefits anticipated include faster service response and restoration times, support for new energy savings and efficiency programmes and more accurate invoicing and billing control.

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Proterra to Take Heavy-Duty Electric Vehicle Business Public via SPAC Transaction

GreenTechMedia

Proterra, builder of electric buses, heavy-duty vehicle drivetrains, batteries and charging systems, plans to go public on the NASDAQ exchange via merger with a special purpose acquisition company (SPAC), the latest in a string of EV companies seeking access to public market financing to meet growing demand. Proterra is one of the oldest U.S.

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Blackstone acquires Texas-based electric grid components company

Smart Energy International

US asset manager Blackstone announced that private equity funds affiliated with it have closed the acquisition of Power Grid Components, an electric grid components manufacturer. PGC is a domestic designer and manufacturer of a range of components for protection, monitoring and safety applications in electrical substations.

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Smart Energy Finances: Hitachi Energy acquires eks Energy

Smart Energy International

Swiss tech major Hitachi Energy has acquired eks Energy in a strategic move to add power and electronics and energy management software to their ever-growing portfolio. Hitachi Energy called the move part of its strategy to meet global demand for battery energy storage solutions.