Startup ZincFive, maker of a novel nickel-zinc battery for stationary storage applications, has brought its total investment raised since founding seven years ago to more than US$200 million.
Rondo Energy, which counts Bill Gates’ Breakthrough Energy Ventures among its investors, intends to scale up annual production capacity of its thermal storage tech to 90GWh.
Dutch transmission system operator (TSO) TenneT says the Netherlands will need 9GW of large-scale battery energy storage system (BESS) capacity connected to its grid by 2030.
Two 5MW/10MWh battery storage units have entered commercial operation in Vermont, US, owned by Strata Clean Energy, deployed by LS Energy Solutions, and financed using the new investment tax credit (ITC).