London Stock Exchange-listed transatlantic flow battery manufacturer Invinity Energy Systems has conditionally raised £25 million (US$33.46 million) gross proceeds through a share placing.
Long-duration energy storage has a crucial role to play in decarbonising the global energy system sufficiently to avoid catastrophic climate change as long as its value can be unlocked.
ESS Inc’s recent special purpose acquisition company (SPAC) merger, which listed the iron flow battery manufacturer’s shares and warrants on the New York Stock Exchange, has raised US$246 million cash.
A commercial fish farm in Austria has opted to use CellCube’s vanadium redox flow batteries (VRFBs) with eight hours’ duration, in combination with solar energy, to reduce the carbon footprint of its operations.
Hitachi Energy has launched a improved and new versions of its PowerStore battery energy storage system (BESS) products, alongside other new and updated products and services in its Grid Edge Solutions portfolio.
Huawei Digital Power has said it will supply battery energy storage system (BESS) technology to what is thought to be the world’s largest off-grid energy storage project to date.
Western Australia’s state-owned electricity network operator is tendering for a “disconnected microgrid” project which could be replicated if successful, to cost-effectively give rural communities reliable and safe power supplies.
