Renewable energy company Arevon has secured a US$400 million loan facility from two banks for its solar and energy storage pipeline in the Midwest, Southeast and California.

High cost and material availability are the main non-technical barriers to energy storage deployment at the scale needed, according to a new report from MIT.

Compressed air long-duration energy storage (A-CAES) solution provider Hydrostor has chosen Kiewit to provide engineering and design studies for its 500MW Willow Rock Energy Storage Center in California, US.

Global battery energy storage system integrator Fluence has revealed it is appointing a new CFO, direct from home solar and storage company SunPower, a day before its CEO change becomes effective.

Malaysia-based Reservoir Link has signed a memorandum of understanding (MOU) with an unnamed US-based ‘Iron Flow Long Duration Energy Storage provider’, while ESS Inc tells Energy-Storage.news it is ‘actively exploring’ opportunities in Reservoir Link’s markets.

Norwegian state-backed credit agency Eksfin is providing US$100 million in guarantees for three co-located energy storage projects in South Africa from renewable energy developer Scatec.

Energy group BayWa r.e. has been selected to implement a project in France combining a solar PV plant, a battery energy storage system (BESS) and – if enough offtakers can be found – green hydrogen.

The past week has seen thermal energy storage solution companies strike or execute on commercial deals across Norway, Greece, Israel and South Africa.

The government of Barbados has created a national energy storage policy and sees billions of investment potential in the sector, a minister has said.

German home energy storage and virtual power plant (VPP) company sonnen and solar contractor ES Solar are expanding a Utah and Idaho VPP program to include up to 35MWh of residential batteries by the end of the year.