Energy storage technology firms Eos and Energy Vault have both released their Q2 results, with contrasting figures but both still having a long way to go to scale up and reach profitability.
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The Central Electricity Authority of India (CEA) is fast-tracking two large-scale pumped hydro energy storage (PHES) projects totalling 2,600MW of power.
A new tender from the Solar Energy Corporation of India (SECI) seeks 2,000MW of solar PV combined with 1,000MW/4,000MWh of energy storage system (ESS) technology.
Japanese power company J-Power has completed its takeover of Australian renewable energy and energy storage developer Genex Power in a deal worth AUS$351 million (US$229 million).
LG Energy Solution saw its revenues fall 30% in the second quarter of the year amidst a global EV market slowdown, and the company says its ESS segment could help offset this.
The benefits of advances in cell technology, which improve the performance and lifetime of battery storage systems, can be directly passed onto customers.
