Nostromo Energy is seeking an equity capital raise as part of getting a US$189 million loan guarantee from the US Department of Energy to roll out its cold energy storage solution.
New energy storage projects co-located with renewables in Spain will be eligible to have 40-65% of their investment costs covered under a government scheme launching in a week’s time.
California utility PG&E is developing a long-duration energy storage microgrid combining batteries and green hydrogen, in partnership with Energy Vault, the company known for its gravity-based solution.
