Energy-Storage.news Premium learns why Energy Dome, maker of the proprietary CO2 Battery for long-duration energy storage, has moved into the project business.

Energy Dome, the startup commercialising a proprietary carbon dioxide-based long-duration energy storage (LDES) tech called the CO2 Battery, has secured investment into a grid-scale project.

The US Department of Energy (DOE) has shortlisted the projects to receive US$325 million for long-duration energy storage (LDES), with technology providers including Energy Dome, Invinity, Form Energy and Redflow.

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).

Energy Dome, the European startup with a long-duration energy storage system technology based on CO2, has closed its Series B funding round.

‘CO2 Battery’ startup Energy Dome was only founded in 2020 but has drawn the attention of media and investors alike already.

Long-duration energy storage (LDES) may be in something of a ‘dot com’ moment, but grid operators cannot afford the ‘hiccup’ of any bubble bursting, a senior ISO manager said at Energy Storage Summit USA.

Long-duration energy storage was firmly on the agenda and among the talking points of attendees at Energy Storage Summit EU in London.

CO2 Battery company Energy Dome has won €17.5 million (US$18.5 million) in grant and equity financing from the European Innovation Council, the maximum amount available.