Fluence has entered a collaboration with solid-state lithium-metal battery startup QuantumScape, with the pair working together to develop stationary energy storage solutions using the new technology.
California’s inclusion of US$380 million financial support for long-duration energy storage projects could “activate” up to 20 projects in the US state, which has a “tremendous need” for energy storage.
A US company which claims its lithium-ion battery technology can be “safely installed in nearly any environment” has raised US$94.65 million in a Series C funding round.
US$100 million in financing has been secured for US community solar, battery storage and hybrid solar-plus-storage projects by developer Nexus Renewables.
A lithium-ion battery energy storage system (BESS) engineered to be installed underwater will be paired with small-scale wave energy converters in a trial supported by the US Department of Energy (DoE).
The asset management group of investment banking firm Goldman Sachs is making a US$250 million investment into advanced compressed air energy storage (A-CAES) company Hydrostor.
FlexGen Power Systems will deploy 10 battery energy storage systems (BESS) for electric cooperatives in North Carolina, the energy storage technology provider and systems integrator’s home state.
Gravity-based energy storage technology company Energy Vault has formed a strategic partnership with non-ferrous metals smelting and refinery company Korea Zinc, including a US$50 million investment commitment.
Governor Kathy Hochul of New York has been applauded for recognising the importance of energy storage as a key technology for achieving climate, clean energy and economic growth goals.
