Largo Clean Energy, part of vanadium primary producer Largo Resources, and Ansaldo Green Tech are exploring the potential of a joint venture for deploying vanadium flow batteries.
System integrator Powin Energy has raised US$135 million from its existing shareholders Trilantic and Energy Impact Partners and new investor GIC, just weeks after a Samsung subsidiary took a minority stake.
Energy Dome, an Italy-based company which has developed a novel CO2-based long-duration energy storage system, has closed an US$11 million bridge funding round.
Italian startup Energy Dome has launched the first demonstrator project of its carbon dioxide-based energy storage solution, a 4MWh system in Sardinia, Italy, while also revealing Series B plans.
A “novel and innovative” technology which uses CO2 as a medium to store energy could be made using off-the-shelf equipment and made available to the market as early as next year, the company behind it has said.
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.
A 2.5MW / 4MWh demonstration system using novel energy storage technology based on a “carbon dioxide battery” has begun construction in Sardinia, Italy.
