Germany-based flow battery company VoltStorage has been granted a venture debt loan of €30 million (US$33 million) by the European Investment Bank (EIB), guaranteed by the European Commission.

Ameresco will look for energy storage projects to own that the US clean energy solutions company can secure long-term revenues for.

A “farmer-led” utility-scale solar PV and battery storage agrivoltaics project in New South Wales, Australia, has been granted development consent.

US developer Broad Reach Power has closed US$435 million in financing to start construction on 880MW of battery storage projects in the CAISO and ERCOT markets, for 2023/24 commissioning.

Utility and network operators RheinEnergie and Bayernwerk have respectively started building and commissioned 7MWh battery storage projects in Germany.

Energy storage’s role in enabling decarbonisation and economic growth was at the heart of discussions at Energy Storage Summit Asia 2023.

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.

Pre-construction activities commenced this week on Rangebank BESS, a 200MW/400MWh project in Victoria, Australia.

Summit Ridge Energy has commissioned two battery energy storage system (BESS) projects in New York City which will help reduce the grid’s reliance on diesel-fueled generation.

AES Andes, a subsidiary of US multinational AES Corporation, has completed the largest battery system project in Latin America with an output of 112MW.