Startup ZincFive, maker of a novel nickel-zinc battery for stationary storage applications, has brought its total investment raised since founding seven years ago to more than US$200 million.
Rondo Energy, which counts Bill Gates’ Breakthrough Energy Ventures among its investors, intends to scale up annual production capacity of its thermal storage tech to 90GWh.
BESS projects in ERCOT, Texas, will be hit by a double whammy of market saturation and new rules around minimum state-of-charge (SOC), as the technology helps the state battle a severe heatwave.
Con Edison has inaugurated the largest battery storage project to date within New York City, making a tiny dent in delivering the US utility’s state-determined commitment to energy storage.
Investing in numerous smaller grid-scale energy storage projects minimises downside risk and can mean getting projects in the ground two years’ quicker, developer Agilitas Energy told Energy-Storage.news.