Australia’s MGA Thermal has secured AU$17 million (US$12 million) in new investment for its long-duration thermal energy storage technology as it enters the commercial scale-up phase.
Thermal energy storage can make steam for chemical industries and manufacturing economically viable, writes Martin Schichtel, CEO and Founder of Kraftblock.
Thermal energy storage (TES) technology company Kyoto Group’s latest project will displace the use of natural gas at a corn processing plant in Hungary, Europe.
The US Department of Energy (DOE) announced a conditional commitment to IceBrick Energy, for a loan of up to US$305.54 million to finance Project IceBrick, 9 December.