Dive Brief:
- Energy storage startup Primus Power landed $20 million in equity financing to support the company's expansion plans.
- Primus, based in Hayward, California, intends to use the funding to support 2014 customer shipments, transition the company's manufacturing to a contract manufacturer and expand its sales and customer support capability.
- In other storage news, Eos Energy Storage will use Ideal Power 30-kW battery converter technology with its Aurora energy storage system for a pilot project with Consolidated Edison in New York City. Eos expects the pilot to launch this spring.
Dive Insight:
Primus says it will ship its storage systems to investor-owned utilities, municipal utilities and microgrids at military bases in the next year. The news, coupled with the Eos pilot project in New York, are signs that the energy storage sector is poised for growth.
