Connected Energy

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Connected Energy develops battery energy storage systems through the use of second life electric vehicle batteries. The company’s 300 kW E-STOR battery energy storage system is designed for commercial applications.

The product comes in the form of a 20 ft container and is made using 24 second life Renault EV batteries. The battery system can be used individually or as multiple systems working together as per the customer’s requirements. Furthermore, Connected Energy’s control system communicates directly with all batteries to provide real time monitoring and control. The battery system's modular design makes it possible for batteries to be easily exchanged if required.

The next generation of Connected Energy’s E-STOR battery energy storage systems, released in 2023, range from 1 MW up to 10 MW. The systems are designed for larger, commercial-scale, and industrial applications and will be suitable for both in-front and behind-the-meter applications. 

The company’s batteries are automated and optimized by its cloud-based energy management software. It allows the system to be charged and discharged to complement the site’s operations and responds to multiple parameters on or off-site according to a pre-set hierarchy of priorities. Customers are provided access to the online portal to monitor the performance of the system and the system dashboard visualizes the data.

The company operates from its headquarters in Newcastle, UK, and has also established a technical center in Norwich which undertakes design, development, prototyping, integration, and testing.

Key customers and partnerships 

Connected Energy has partnered with companies such as Renault Group, Volvo, Caterpillar, and Jaguar Land Rover. In October 2022, the company installed two energy storage systems at the University of Sheffield’s AMRC Northwest in Lancashire. During the same month, Mobilize Power Solutions to provide battery storage at EV charging sites in the UK. 

In May 2023, Connected partnered with North Tyneside Council to provide energy storage to store energy generated from solar PV arrays. In September 2023, the company signed a Letter of Intent with Volvo Energy to jointly develop a battery energy storage system (BESS) with batteries recovered from Volvo electric buses, trucks, and machines. In March 2024, the company once again partnered with Volvo Energy to install BESS’ at two UK Volvo Truck & Bus dealer sites.

Funding and financials 

Connected Energy’s latest funding round was in June 2022, when the company raised GBP 15 million (~USD 18.4 million) from five new investors to scale up its second life-based battery energy storage system solution.

HQ location:
The Core, Bath Lane Newcastle Helix Newcastle Upon Tyne GBR
Founded year:
2010
Employees:
11-50
IPO status:
Private
Total funding:
USD 31.9 mn
Last Funding:
USD 18.3 mn (Series Unknown; Jun 2022)
Last valuation:
-
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