Redflow has reported a significant rise in revenues from its zinc-bromide flow batteries but the Australian company noted that it expects to remain “cash-flow negative for some time”.

Liam Stoker and Andy Colthorpe return for the February 2022 episode of the Solar Media Podcast.

A consortium of developers has achieved financial close for US$1.3bn in debt facilities for the Red Sea project, a huge resort under construction off the coast of Saudi Arabia which plans to have the largest off-grid battery energy storage system at 1,200-1,300MWh.

CellCube has agreed a five-year, three-million litre/year bulk electrolyte supply deal with producer US Vanadium.

Eos Energy Enterprises’ leadership has claimed gross positive margins can be achieved in a year and a half. 

Northvolt has agreed to acquire a site in Sweden where it will develop its planned gigafactory, capable of producing 100GWh of cathode materials.

ron flow battery provider ESS Inc has revealed a US$477 million net loss in 2021, in its first full-year results since becoming a publicly-traded company on the New York Stock Exchange (NYSE). 

Stem Inc has offered full-year 2022 revenue guidance of between US$350 million and US$425 million. 

The award of contracts to 1GW of battery storage was the “biggest news” to emerge from the latest round of Capacity Market auctions held in the UK.

Although different energy storage technologies are often thought of as in competition with each other, it’s a case of all-hands-on-deck if we are to achieve deployment targets.