US$16.6 million funding has been committed for five long-duration energy storage (LDES) projects in New York by the US state’s government.

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.

VFlowTech, a Singapore-based vanadium redox flow battery manufacturer, has signed an MoU with global liquid storage logistics group Advario.

Pumped hydro energy storage projects have received a funding boost worth a total AU$44.84 million from the government of New South Wales.

Equinor has led an investment round for a flow battery manufacturer and Uniper will carry out a megawatt-scale flow battery pilot project.

President Biden signed the Inflation Reduction Act yesterday, bringing with it measures expected to boost prospects for energy storage.

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.

The US government Department of Energy is looking for public input into how US$675 million of funding for R&D into Critical Materials should be best directed.