Penny Sharpe, the New South Wales energy minister, has announced plans to legislate a new long-duration energy storage (LDES) target for the Australian state of 28GWh by 2034.
Business model innovation and considering how to integrate projects into the wider energy systems will be key for long-duration energy storage (LDES) companies, partners at VC firm RA Capital told Energy-Storage.news.
Some long-duration energy storage (LDES) technologies are already cost-competitive with lithium-ion (Li-ion) but will struggle to match the incumbent’s cost reduction potential.
RayGen, a startup developing long-duration energy storage (LDES) technology designed for pairing with renewable energy installations, has raised investment to kick off a Series D funding round.
US$150 million has been raised in a Series B by Antora Energy, a US-based startup with a novel ‘thermal battery’ technology claimed to be suitable for decarbonising industrial processes.
Switzerland-based institutional investment group SUSI Partners has entered a development deal for two large-scale solar-plus-storage hybrid power plants in Chile.