Australia-based zinc-bromine flow battery company Redflow, which has a market cap of nearly US$60 million, has halted stock market trading as it prepares a capital raise.

SPAC Mustang Energy PLC is increasing its effective stake in CellCube to around 25% while a company launching a vanadium mine project in Australia has injected US$3.5 million in a new flow battery maker.

Australian startup MGA Thermal has bagged around US$1 million in government funding for a 5MWh thermal energy storage project while Israel-based Brenmiller Energy has inaugurated a 1MWh unit in Brazil.

Genex Power has bought up a 2GW clean energy project which it intends to build in five stages in Queensland, Australia.

Republic of Maldives has reopened a tender process, seeking to procure 40MWh of battery energy storage systems.

Onslow, Western Australia, is powered almost entirely by renewables, and the utility behind the project wants to roll out the technology.

Gravity-based energy storage company Energy Vault expects US$680 million in combined revenue over 2022 and 2023, it claimed in its recent quarterly results.

Wirsol Energy has received development approval for its Maryvale solar and energy storage project in New South Wales (NSW), Australia.

E-mobility and energy storage company New HOrizons Ahead (NHOA) has started installation work on an LFP-based 100MW/200MWh battery energy storage system (BESS) in Western Australia, the state’s largest.

Bechtel has been selected to work on design and planning of a large-scale pumped hydro energy storage (PHES) project in Queensland.