Invinity Energy Systems, a technology company that develops vanadium redox flow batteries (VRFB), plans to expand its manufacturing footprint in Scotland, UK.
The government of Poland has proposed a de-rating factor for battery energy storage systems (BESS) in the next capacity market auction of 57%, which one developer warned would be a ‘lethal blow’ for 2- and 4-hour projects.
Business model innovation and considering how to integrate projects into the wider energy systems will be key for long-duration energy storage (LDES) companies, partners at VC firm RA Capital told Energy-Storage.news.
Market-ready artificial intelligence (AI) is a key feature of battery management to deliver sustainable revenues for a more competitive renewables market, writes Dr Adrien Bizeray of Brill Power.
Some long-duration energy storage (LDES) technologies are already cost-competitive with lithium-ion (Li-ion) but will struggle to match the incumbent’s cost reduction potential.
The US will provide US$85 million in foreign aid to the Republic of Moldova for battery energy storage system (BESS) projects as well as high voltage transmission line upgrades, secretary of state Anthony Blinken said last week (29 May).
Energy Vault has entered into an exclusive partnership with architecture firm Skidmore, Owings & Merrill (SOM) to work on projects using its gravity energy storage technology.
Harmony Energy Income Trust (HEIT) has scrapped its first quarter dividend and appointed advisors JLL to sell some or all of its BESS assets, partly to demonstrate that the fund is undervalued by the markets.
System integrator Alfen will provide a BESS for co-location with a wind farm in Sweden while aluminium company Hydro has inaugurated a solar and BESS project at one of its extrusion facilities.
