RayGen, a startup developing long-duration energy storage (LDES) technology designed for pairing with renewable energy installations, has raised investment to kick off a Series D funding round.

The number of long-duration energy storage (LDES) technologies that will commercialise for applications beyond 24 hours ‘can be counted on one hand’, the CEO of compressed air energy storage (CAES) developer Corre Energy said in an interview.

IPP Neoen has launched construction on the the second phase of its Collie BESS project in Western Australia, following a capacity services contract award.

Market saturation in the Texas, ERCOT ancillary services market is already happening as the BESS buildout accelerates, Energy-Storage.news has heard.

China-based companies Sungrow and Eve Energy are seeing substantial growth in their energy storage product shipments.

Tesla made ‘all-time high’ energy storage deployments in the first quarter of this year, ‘leading to record profitability’ for its energy business line, CEO Elon Musk has said this week.

ESB Networks has announced that Ireland’s electricity grid now has 1GW of energy storage available from different energy storage assets.

According to IEA and BloombergNEF, battery storage was the most invested-in energy tech, with biggest-ever growth in deployments recorded.

Energy Vault and utility NV Energy have put a 220MW/440MWh battery energy storage system (BESS) into operation in Nevada, US.

Morrow Batteries, one of several startups committed to producing lithium-ion batteries at gigawatt-hour scale from factories in Scandinavia, has secured a 5.5GWh offtake deal.