Leap, a provider of software to aggregate distributed energy resources into VPPs, has raised US$12 million equity investments.

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%.

Projects using novel, non-lithium battery technology have been progressed by organic flow battery firm CMBlu, liquid metal battery firm Ambri, and the NAS battery division of NGK Insulators.

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.

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.

Developer Jupiter Power has announced US$70.4 million in loan financing for two battery storage projects in ERCOT, Texas, arranged by First Citizens Bank.

Energy-Storage.news speaks with Jason Rioux, chief development officer at NRStor, a company at the forefront of Canada’s storage sector for over a decade.

Demand for electricity is growing in Ontario for the first time since 2005, and a new plan from the Canadian province sees a diverse low carbon energy portfolio as the answer.