Electriq Energy secures USD 300m for group photo voltaic in California

US dwelling photo voltaic battery storage agency Electriq Energy has inked a multi-year settlement securing greater than USD 300 million (EUR 281.9m) to help group photo voltaic and storage tasks for households throughout California.

The funds can be offered from the photo voltaic and storage tasks improvement and financing platform of an unnamed main US clean-energy agency to help the implementation of Sustainable Group Networks (SCNs). The businesses will collectively present operations together with potential grid providers over 25 years, a press launch mentioned.

“We’re excited to hitch forces with a significant US clean-energy firm that brings collectively finance and know-how, to supply prospects with an all-in-one resolution for powering their carbon-neutral properties and to proceed our efforts in delivering SCN’s throughout California,” mentioned Electriq Energy’s CEO Frank Magnotti.

Arrange in 2014, Silicon Valley-founded Electriq supplies clever power storage and administration options for residential and small companies that are utilized in mixture with rooftop photo voltaic. The corporate is within the midst of going public by a merger with a clean examine firm.

(USD 1 = EUR 0.939)

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