Energy Vault has provided a dizzying variety of updates in its Q3 results, covering European battery storage, a green hydrogen system, a new CFO and its gravity-based energy storage deployments in the US and China.
Philippines power generator and utility Aboitiz Power will put a 49MW battery energy storage system into commercial operation this month, and has started construction on another.
With nearly half of global emissions coming from heat processes, clean long duration energy storage (LDES) which can store thermal energy are crucial for decarbonisation, says a new LDES Council report.