Construction has started on a project in Ireland pairing a battery energy storage system (BESS) with a synchronous condenser, developed by Lumcloon Energy and Hanwha Energy.
High cost and material availability are the main non-technical barriers to energy storage deployment at the scale needed, according to a new report from MIT.
Australia-based zinc-bromine flow battery company Redflow, which has a market cap of nearly US$60 million, has halted stock market trading as it prepares a capital raise.
