Companies in the battery storage industry raised US$9.6 billion in corporate funding during H1 2021, with European manufacturing startup Northvolt once again the biggest single recipient of venture capital (VC) investment.
Startup Nostromo targets commercial cooling and air conditioning’s heavy burden on electricity grids
The cooling of commercial and industrial (C&I) buildings accounts for a significant percentage of energy use and greenhouse gas emissions (GHGs), but can instead be turned into “powerful energy assets.”
This edition of our news in brief from around the world focuses on novel technologies promising several hours or more of competitively-priced energy storage.
Construction is set to begin in Australia on a grid-scale power generation and long-duration energy storage project combining solar power and thermal energy storage, after the company behind the project said this morning that funding has been secured.
Experts, technology providers and energy system stakeholders discuss how the need for long-duration energy storage can be met, in this panel discussion from the Energy Storage Summit USA hosted earlier this year by our publisher Solar Media.
A 2.5MW / 4MWh demonstration system using novel energy storage technology based on a “carbon dioxide battery” has begun construction in Sardinia, Italy.
An investment worth €110 million (US$131.5 million) has been agreed by ‘thermal battery’ manufacturer EnergyNest which would make infrastructure equity investor Infracapital its biggest shareholder.
For the US to thrive while achieving its decarbonisation goals, it needs a robust clean energy economy, creating well-paid jobs and a strong trajectory for technical innovation, argues Philip Brennan, CEO of Echogen, an Ohio-based provider of waste-heat recovery systems and electro-thermal energy storage solutions.
Update 11 December 2020: Azelio got in touch with Energy-Storage.news to explain the scope of the project, the system order size and its application.
This week's news in brief focuses on the Golden State - California.
News in brief from around the world in energy storage.
News in brief from around the world in energy storage.
Siemens Energy has formed a partnership aimed at sustainably decarbonising the industrial sector with Norway-headquartered thermal energy storage company EnergyNest.
“The elimination of solar energy’s intermittency and ensuring its 24-hour availability at grid-competitive cost is the holy grail and RayGen has found it”.
Back on home turf this week: news in brief from around the world in energy storage.
Energy use by air conditioning can be both expensive and taxing for the environment, with the University of the Sunshine Coast, Queensland, Australia, set to trial a three-storey ‘water battery’ to reduce both energy demand and cost.
Work is underway on an energy storage project in South Australia that will use biogas to generate power to be stored in modules of molten silicon, from startup 1414 Degrees.
Just over US$28 million has been awarded by the US Department of Energy to projects that could deliver energy storage durations of up to 100 hours, while also committing US$120m to the Joint Center for Energy Storage Research (JCESR).
Leclanché and VRB Energy, two providers in very different areas of energy storage, have struck up joint ventures (JVs) intended to assist them in scaling up and hitting new markets, while Ice Energy has netted fresh funding.
Axiom Exergy, a US manufacturer of energy storage units that use stored energy for cooling buildings and produce, has netted close to US$8 million from investors including Shell’s venture capital unit and Tesla battery guru JB Straubel.
1414 Degrees, an Australian startup manufacturing thermal energy storage systems using a proprietary silicon storage medium is preparing to launch an Initial Public Offering (IPO) and build a 200MWh ‘module’ at a renewable energy facility.
Calmac, a provider of ice-creating thermal energy storage systems – and ice rinks – has been bought out by a subsidiary of major US manufacturer Ingersoll Rand.
Heating and cooling uses more than half of Europe’s energy, but the potential “immense value” of thermal energy storage has barely been explored, the head of an energy storage trade group has said.
Genbright, a New England-based company specialised in developing clean energy systems, and distributed thermal energy storage provider Ice Energy announced a partnership last week that will help cut down on Nantucket’s peak energy demand using Ice Energy’s energy storage solutions.
SaltX Technology and CSP and integrated energy systems provider Aalborg CSP have signed off on a non-exclusive joint development agreement to develop and commercialise an integrated energy storage solution for Concentrated Solar Power.
The Southern California Public Power Authority (SCPPA), an organisation comprising the municipal utilities of 10 cities and one irrigation district, has ordered a potential 1MW of ice battery storage systems from Ice Energy.
New York utility Con Edison is offering local businesses incentives to install over US$5 million of thermal energy storage systems that kick in during peak hours, and can be controlled remotely.
SolarReserve eyes 1GW solar thermal storage deal in China, first bi-directional inverter launched and proposed Australian pumped hydro site up capacity to 450MW.
Glen Dimplex, by some estimates the world’s biggest maker of domestic heating appliances, is due to start recruiting households to participate in the latest phase of an EU trial of energy storage technologies.