The role of energy storage in helping Europe’s energy security is increasingly being recognised, said keynote speakers at The Energy Storage Summit EU today, hosted by our publisher Solar Media.

Ministry of Power has issued guidelines for the adoption of PHES as a key technology for India’s renewable energy ambitions.

Suncor’s plan to recover vanadium from coke-fired boilers will receive CA$7 million (US$5.2 million) government funding.

Redwood Materials will get a US$2 billion loan from the DOE’s Loan Programs Office (LPO) for its closed-loop lithium-ion anode and cathode material production plant in Nevada, US.

CMBlu Energy, the designer and maker of a proprietary organic flow battery, has won its first deal in the US since the company’s expansion into the market.

Australia and New York are two very different places but both are likely to soon see their first government-backed tenders in which grid-scale energy storage can compete.

Energy Vault is expecting full-year revenue for 2022 of US$142-152 million, ahead of previous guidance of US$75-100 million.

Corporate funding of energy storage companies exceeded US$26 billion worldwide in 2022, a 55% jump from 2021’s total US$17 billion.

Texas’ ERCOT grid is facing some extreme swings in its ability to match supply with growing demand for electricity in the US state.