The second life battery energy storage specialist, part of ENGE New Ventures portfolio as secured 15m from five new major investors and will be welcome news to all those keen to see increased energy security, improved use of clean energy and extended lifetime use of electric vehicle batteries in energy storage systems (BESS).

Caterpillar Venture Capital Inc., the Hinduja Group, Mercuria, OurCrowd and Volvo Energy have joined existing investors Engie New Ventures, Macquarie, and the Low Carbon Innovation Fund with a total investment of £15m, to back this world leading venture on the energy storage landscape. The investment will enable Connected Energy to scale-up its operations and move into utility scale project development.

Read the full article on Connected Energy web site