The backing of new Electricity Market Design proposals by the European Parliament is welcome, but the plan still falls short in its support for energy storage technologies.

EV and energy storage giant Tesla saw a slight quarter-on-quarter dip in energy storage deployments in Q2 to 3.7GWh, although annual growth was strong at 222%.

Italy-based Energy Dome, the maker of a proprietary CO2-based long-duration energy storage system, has closed the second tranche of its Series B, raising another €15 million bringing the total to €55 million (US$62 million).

Projects using novel, non-lithium battery technology have been progressed by organic flow battery firm CMBlu, liquid metal battery firm Ambri, and the NAS battery division of NGK Insulators.

Recent reports on the energy storage auction in Greece shows that “players are willing to take risks” to get into the market, an analyst from research firm Clean Horizon told Energy-Storage.news.

Corporate funding into battery storage companies rebounded in Q2, but remains lower than in 2022 or 2021 so far.

The commercial manager for Balance Power, one of two UK developers to have announced project approvals this week, has questioned whether the market standard 2-hour duration is enough for net zero.

The window for nominations for the inaugural Energy Storage Awards is closing, but there are still a few days left before it slams shut.

Cyprus has set out a policy framework for the integration of energy storage systems after reaching a funding agreement with the European Commission (EC).

The closure of UK battery storage specialist EPC and independent connection provider (ICP) firm G2 Energy has been confirmed by Companies House, with a senior manager describing “unsympathetic clients” in comments given to Energy-Storage.news and that the bulk of the team is joining outsourcing giant Mitie.