Rondo Energy, which counts Bill Gates’ Breakthrough Energy Ventures among its investors, intends to scale up annual production capacity of its thermal storage tech to 90GWh.
Energy storage can enable decarbonisation of economies around the world and Asia-Pacific is no exception. Hendrik Bohne of Aquila Capital looks at the examples of two leading examples in the region.
Pacific island country of Palau has welcomed the commissioning of its first large-scale solar-plus-storage project, representing the largest power plant of its kind in the Western Pacific region.
Renewable energy developer TagEnergy has closed a €570 million (US$622 million) green bond for its solar, wind and energy storage pipeline in the UK, Europe and Australia.
The US National Renewable Energy Laboratory (NREL) has updated its long-term battery energy storage system (BESS) costs through to 2050, with costs potentially halving over this decade.