Norwegian state-backed credit agency Eksfin is providing US$100 million in guarantees for three co-located energy storage projects in South Africa from renewable energy developer Scatec.

The past week has seen thermal energy storage solution companies strike or execute on commercial deals across Norway, Greece, Israel and South Africa.

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.

South Africa’s primary electricity supplier Eskom has announced details of forthcoming major battery storage deployments.

Stakeholders have a few days left to take part in a survey on lithium-ion based battery storage system safety.

The World Bank has provided guarantees for US$24 million of equity and shareholder loan investments into a 20MW solar-plus-storage project in Malawi.

Early engineering work has begun on a hybrid power plant project at a uranium mine in the Republic of Niger.

In the first half of this year, energy storage companies raised almost as much corporate funding as in the whole of 2021.

Renewable energy power producers Scatec has started building three co-located solar projects with 1.1 GW hours of energy storage in South Africa, after achieving financial close.

Power project developer Ncondezi Energy has launched a feasibility study for a 300MW solar PV plant with battery storage, in Mozambique.