ESS Inc has improved ability to recognise revenues and reduced direct costs of production of its flagship product by 30% in Q2 2023.

US DOE Loan Programs Office has invited Nostromo into due diligence and terms sheet negotiations for a loan worth up to US$176 million.

Mobile energy storage firm Nomad has won a US$9.5 million DOE grant to deploy its product in rural communities in Vermont, US.

Energy Vault has started commissioning its first commercial EVx gravity energy storage project in Rudong, China.

More news in brief from around the world in energy storage, featuring vanadium redox flow batteries (VRFBs), bankruptcy for a thermal storage startup and a new integrated lithium tech.

NGK Insulators will supply a sodium-sulfur (NAS) battery storage system to a project for utility Sala Energy in Japan’s Shizuoka Prefecture.

The US Department of Energy will commit US$30 million in new awards and funding opportunities for energy storage solutions.

Ireland-headquartered long-duration energy storage (LDES) company Corre Energy has acquired its first in-development project in the US.

The government of Spain is launching €280 million (US$310 million) in grants for standalone energy storage projects, thermal energy storage and reversible pumped hydro to go online in 2026.