Iron-air battery firm Form Energy has received a US$12 million grant from the state of New York for a 1GWh long-duration energy storage project, whilst Ecolectro Inc, PolyJoule Inc and Urban Electric Power received smaller amounts.
By the end of 2022, US co-located renewable and energy storage projects totalled 41GW of generating power and 5.4GW/15.2GWh of energy storage, according to Lawrence Berkeley National Laboratory (LBNL) analysis.
Thermal energy storage company Rondo Energy has completed a US$60 million fundraising round from investors including Rio Tinto, Microsoft, Aramco and Energy Impact Partners.
The four most high-profile energy storage system (ESS) companies that listed via SPAC mergers – Eos, Energy Vault, ESS Inc and Stem – have seen their share prices fall by an average of 80% since going public.
Developer Recurrent Energy, an arm of solar PV and ESS manufacturer Canadian Solar, has secured a 20-year agreement with a local utility for a 1,200MWh battery storage project in Arizona.
Since the Inflation Reduction Act, US$270 billion of US clean energy investment has been announced while downstream projects in development have hit 185GW – 80% and 92% higher than four months ago.
Zinc battery firm Eos Energy Enterprises saw reduced activity in Q2 as it transitioned to its Z3 product, while CEO Joe Mastrangelo discussed its backlog, the subject of a recent short-seller note.
Oregon-based Powin Energy, one of the largest battery energy storage system (BESS) integrators, has appointed Jeff Waters as new CEO to replace the outgoing Geoff Brown.
A total of 71GWh of new grid-scale energy storage needs to be deployed in Italy by 2030 for it to decarbonise its energy system in line with the EU targets.
The government of New Caledonia, a French overseas territory in Polynesia, has announced plans for a 150MWh battery energy storage system (BESS) to be deployed by IPP Akuo Energy.
