Vertically integrated US energy storage company Kore Power has received a conditional commitment from the US Department of Energy (DOE) for a $850 million loan for its Arizona gigafactory.
Financial performance will ultimately determine the success of AI-based battery storage optimisation platforms, Gridmatic told Energy-Storage.news in response to recent comments from one developer.
The government of Spain is launching €160 million (US$170 million) in grants for energy storage projects, aiming to fund 600MW of projects to go online in 2026.