Energy Dome, an Italy-based company which has developed a novel CO2-based long-duration energy storage system, has closed an US$11 million bridge funding round.
Investor Quinbrook Infrastructure Partners has acquired exclusive project development rights for a 230MW/460MWh battery energy storage system (BESS) in Wales, UK.
Significant policy support for the long duration energy storage (LDES) sector may be needed until 2030-35 when the market matures, says a new LDES Council policy toolbox report.
UK-based Connected Energy has raised £15 million (US$18.4 million) from five new investors to help scale up its second life-based battery energy storage system (BESS) solution.
Europe will need a total of 187GW of energy storage by 2030 and 600GW by 2050 to meet its renewable energy targets, according to the European Association of Energy Storage (EASE).
