Turkish group Kontrolmatik Technologies has increased the output of its planned energy storage-focused gigafactory in the US by 50%, thanks to the Inflation Reduction Act (IRA) which passed today.
On.Energy has raised US$100 million in project financing from UK fund SDCL Energy Efficiency Income Trust plc (SEEIT) for its US and Canada energy storage project deployments.
Australia-based zinc-bromine flow battery company Redflow, which has a market cap of nearly US$60 million, has halted stock market trading as it prepares a capital raise.
The US government Department of Energy is looking for public input into how US$675 million of funding for R&D into Critical Materials should be best directed.
SPAC Mustang Energy PLC is increasing its effective stake in CellCube to around 25% while a company launching a vanadium mine project in Australia has injected US$3.5 million in a new flow battery maker.
Australian startup MGA Thermal has bagged around US$1 million in government funding for a 5MWh thermal energy storage project while Israel-based Brenmiller Energy has inaugurated a 1MWh unit in Brazil.
