Fluence has entered a collaboration with solid-state lithium-metal battery startup QuantumScape, with the pair working together to develop stationary energy storage solutions using the new technology.  

California’s inclusion of US$380 million financial support for long-duration energy storage projects could “activate” up to 20 projects in the US state, which has a “tremendous need” for energy storage. 

A US company which claims its lithium-ion battery technology can be “safely installed in nearly any environment” has raised US$94.65 million in a Series C funding round. 

US$100 million in financing has been secured for US community solar, battery storage and hybrid solar-plus-storage projects by developer Nexus Renewables.

US$380 million in support for long-duration energy storage projects in California has been included in the state’s budget for 2022-2023. 

A lithium-ion battery energy storage system (BESS) engineered to be installed underwater will be paired with small-scale wave energy converters in a trial supported by the US Department of Energy (DoE). 

The asset management group of investment banking firm Goldman Sachs is making a US$250 million investment into advanced compressed air energy storage (A-CAES) company Hydrostor.

FlexGen Power Systems will deploy 10 battery energy storage systems (BESS) for electric cooperatives in North Carolina, the energy storage technology provider and systems integrator’s home state. 

Chile has published details of its latest power auction set to take place later this year that will contract 5,250GWh per annum for 15 years.

Gravity-based energy storage technology company Energy Vault has formed a strategic partnership with non-ferrous metals smelting and refinery company Korea Zinc, including a US$50 million investment commitment.