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Energy Vault says 2022 revenue will be 40-100% higher than previous guidance

January 24, 2023
Energy Vault is expecting full-year revenue for 2022 of US$142-152 million, ahead of previous guidance of US$75-100 million.
M&A activity in the sector has taken a massive leap after three years of steady growth. Source: Mercom Capital Group.

Energy storage sector corporate funding at all-time high in 2022

January 18, 2023
Corporate funding of energy storage companies exceeded US$26 billion worldwide in 2022, a 55% jump from 2021’s total US$17 billion.
Texas' winter storms have caused big swings in demand outside the traditional summer peaks ERCOT experiences. Image: Texas Army National Guard courtesy of Staff Sgt. Yvonne Ontiveros

Battery storage can help solve Texas’ ‘Super Duck’ challenge of integrating renewable energy

January 17, 2023
Texas’ ERCOT grid is facing some extreme swings in its ability to match supply with growing demand for electricity in the US state.
The project will be built in California's Kern County. Image: Hydrostor

First offtake deal signed for 500MW/4,000MWh advanced compressed air energy storage project in California

January 13, 2023
Advanced compressed air energy storage company Hydrostor has signed PPA for flagship large-scale project in California.
Rendering of H2 Inc Enerflow VRFB units with electrolyte tanks and balance of plant equipment. Image: H2 Inc.

Flow battery maker behind ‘US’ biggest project’ closes Series B funding round

January 12, 2023
US$18 million Series B closed by H2 Inc, a South Korea-headquartered manufacturer of redox flow battery energy storage systems.
Artistic rendering to promote Form Energy's battery tech. The company has also received DOE demonstration project funding elsewhere. Image: Form Energy.

Year in review 2022: Long-duration storage with iron-air battery company Form Energy

January 11, 2023
Mateo Jaramillo, CEO of long-duration energy storage startup Form Energy responds to our questions on 2022 and the year ahead.
Ceremony to start construction of a pumped hydro plant by Jagan Mohan Reddy, chief minister of Andhra Pradesh, India. The project is one of a number by Greenko, a prolific participant in tenders. Image: CMO Andhra Pradesh via Twitter.

‘India’s first dispatchable renewables company’ Greenko plans 11GWh Madhya Pradesh pumped hydro plant

January 11, 2023
Greenko, an Indian power producer creating a 24/7 renewable energy proposition has announced US$1.2 billion PHES project.
A Burns & McDonnell BESS project site in Texas. Image: Burns & McDonnell.

Year in review 2022: Energy storage EPC Burns & McDonnell

January 3, 2023
Burns & McDonnell takes part in our series of Q&A blogs looking back at 2022, and looking ahead to this year in energy storage.
Cabling and inverters at Moss Landing Energy Storage Facility in California, the world's biggest battery storage project. Image: Vistra Energy.

Energy-Storage.news’ Top 10 news stories of the year 2022

December 28, 2022
There’s barely time to catch our breath before 2023 begins but here’s a chance to look back with the top picks of our content from 2022.
caes compressed air energy storage corre eneco netherlands long duration ldes energy storage caes

Corre to deploy 320MW CAES long-duration energy storage facility for Eneco in Netherlands

December 21, 2022
Utility Eneco and Corre Energy have signed an agreement for the latter to deploy a 320MW, 84-hour duration compressed air energy storage system (CAES) in Groningen, the Netherlands.

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Tesla launches integrated 20MWh Megapack BESS solution

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NY local town officials call on moratorium to suspend 1GWh BESS, State representatives issue support for project

‘A key technology’: Google to help fund non-lithium LDES projects in Arizona with SRP

Tesla expects to have 4.5GW of grid-forming BESS operating in Australia by the end of 2026

Hithium, Storion announce non-lithium BESS advances in US

Lithium-ion is long-duration energy storage (LDES)

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