Electriq Power

United States residence solar battery storage firm Electriq Power has actually inked a multi-year agreement protecting more than USD 300 million (EUR 281.9 m) to support community solar and storage space projects for households across California.

The funding will certainly support the implementation of Sustainable Community Networks (SCNs) throughout California. The funds realization will be based on expected sales volumes, system size as well as rates.

Small-scale energy storage service provider Electriq Power will merge with TLG Acquisition One, a publicly traded special purpose acquisition business. Upon closing of the deal in 2023, the mixed business will certainly operate under the name Electriq Power Holdings and also will be led by existing Electriq management with Mike Lawrie joining the board as Chairman.

Electriq Power's PowerPod property battery system has actually gotten a Certificate of System Conformance from the OpenADR Alliance. The requirement for automatic demand action, OpenADR 2.0 b certification will certainly boost PowerPod abilities, enabling Electriq Power to integrate with energy aggregators as well as join today's dynamic power market.