Utility Xcel Energy has received a US$20 million grant commitment from VC firm Breakthrough Energy for projects using Form Energy’s iron-air battery, while a sodium ion battery firm has secured bridge financing.
Firm Frequency Response (FFR) auction prices in the UK have hit their lowest level since 2019 as market saturation begins to take effect, market analytics platform Modo Energy said.
Israel-based thermal energy storage firm Brenmiller Energy has inaugurated a factory targeting 4GWh of annual production capacity by the end of 2023, the first such gigafactory anywhere, it claimed.
Element Energy’s large stock of batteries for second life energy storage are mostly LG batteries recalled from EVs in the last few years due to fire safety concerns, a source told Energy-Storage.news.
Netherlands-based Alfen is deploying a two-hour-plus battery energy storage system (BESS) for Centrica Business Solutions in Belgium, the latter’s first outside the UK.
Thermal energy storage solution firms Brenmiller and Kraftblock have agreed to deploy large-scale commercial projects for large European utilities, totalling 9GWh and 150MWh respectively.
Clean energy trade bodies ACP, ACORE and SEIA have denounced an attempt by Republicans to roll back the Act, which has spurred unprecedented investment in the US market.
