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Investment boost for UK second-life EV BESS firm

Mon, 01/22/2018 - 12:01 -- Xuan Zhong
Investment boost for UK second-life EV BESS firm

UK firm Connected Energy (CE) has secured a GBP3 million ($4.1m) investment boost for the development of its E-STOR energy storage system that uses 'second-life' lithium-ion electric vehicle batteries.

CE said the cash injection from Australian investment banking company Macquarie Group and French electric utility ENGIE will provide “working capital” to help its “ambitious growth plans in the UK and Europe.”

 

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