The backing of new Electricity Market Design proposals by the European Parliament is welcome, but the plan still falls short in its support for energy storage technologies.

EV and energy storage giant Tesla saw a slight quarter-on-quarter dip in energy storage deployments in Q2 to 3.7GWh, although annual growth was strong at 222%.

Italy-based Energy Dome, the maker of a proprietary CO2-based long-duration energy storage system, has closed the second tranche of its Series B, raising another €15 million bringing the total to €55 million (US$62 million).

Scaling up net zero-enabling battery storage technologies will require financiers and investors to share risks with developers, such as those over supply chain.

Recent reports on the energy storage auction in Greece shows that “players are willing to take risks” to get into the market, an analyst from research firm Clean Horizon told Energy-Storage.news.

Corporate funding into battery storage companies rebounded in Q2, but remains lower than in 2022 or 2021 so far.

A US$12 million Series B2 has been raised by California-based battery analytics firm Peaxy, which specialises in “first mile data challenges”, a spokesperson told Energy-Storage.news.

New South Wales has granted planning approval for battery energy storage system projects in the Australian state’s Renewable Energy Zones.

Renewable energy firm Greenvolt Power has acquired an early-stage co-located project in New Mexico, US, with a 50MW of energy storage.

New York’s electricity market operator is evaluating the role energy storage technologies could play as part of the transmission network.