The government of the state of South Australia has named four utility-scale energy storage projects which it will support with grants toward the total cost of development.

Calmac, a provider of ice-creating thermal energy storage systems – and ice rinks – has been bought out by a subsidiary of major US manufacturer Ingersoll Rand.

The amount of VC funding invested in battery energy storage companies in the first nine months of this year has more than doubled from the equivalent period of 2016, according to a report from Mercom Capital.

Senator Martin Heinrich has proposed granting tax relief for purchasers of energy storage systems, in a similar way to how the Investment Tax Credit (ITC) is applied to residential solar PV purchases.

Genbright, a New England-based company specialised in developing clean energy systems, and distributed thermal energy storage provider Ice Energy announced a partnership last week that will help cut down on Nantucket’s peak energy demand using Ice Energy’s energy storage solutions.

The Southern California Public Power Authority (SCPPA), an organisation comprising the municipal utilities of 10 cities and one irrigation district, has ordered a potential 1MW of ice battery storage systems from Ice Energy.

The participation of venture capital (VC) investors seems to have cooled, while project funding has conversely seen a sharp rise, in the latest quarterly report into funding and mergers and acquisitions from Mercom Capital.

New York utility Con Edison is offering local businesses incentives to install over US$5 million of thermal energy storage systems that kick in during peak hours, and can be controlled remotely.

Mercom Capital Group’s latest report showed how energy storage companies brought in US$125 million in venture capital (VC) funding in Q2 2016, double that of the previous quarter. Year-over-year funding this second quarter roughly matched last year’s Q2 output, which had US$126 million in 13 deals.