News & Press

Earl B. Parsons, III, former Deputy General Counsel – Commercial with Southern Company (NYSE:SO), and most recently a partner at Atlanta’s Taylor English Duma LLP’s law firm, has been named General Counsel at UtilityInnovation Group (UIG).

UtilityInnovation Group (UIG), a leading US-based provider of advanced energy solutions, has today announced the strategic acquisition of Enicity, a leading advisory firm specialising in the application of innovative energy technologies in modern power systems based in Ireland.

A stealthy utility company headquartered in Raleigh has snagged a minority investment from Volvo. Sidney Hinton, CEO of Utility Innovation Holdings, confirmed that the Swedish automaker was a central backer behind the startup's latest fundraising round...

Volvo Penta has acquired a minority stake in Utility Innovation Group (UIG). The investment accelerates entry into the utility sector to further develop Volvo Penta’s battery energy storage subsystem and power generation portfolio as part of its road to net zero.

Just days after announcing its strategic entry into the battery energy storage (BESS) sector jointly with OEMs, Volvo Penta as a BESS subsystem supplier has unveiled a partnership with Utility Innovation Group (UIG) aimed at US and international markets.

Europe’s energy woes keep getting worse, with winter coming and Russia cutting off natural gas exports.

Two months after closing on a $2 million round, a serial energy entrepreneur is at it again – this time reeling in more than $8 million for his stealthy new venture in Raleigh.

Pairing renewable resources with energy storage systems makes a lot of sense. However, grid operators are still developing frameworks for handling these hybrid projects but they may need to be treated differently in different territories.

A stealthy energy-storage solutions firm is raising money – and a familiar name is at the helm.