Italy-based Energy Dome, the maker of a proprietary CO2-based long-duration energy storage system, has closed the second tranche of its Series B, raising another €15 million bringing the total to €55 million (US$62 million).

Scaling up net zero-enabling battery storage technologies will require financiers and investors to share risks with developers, such as those over supply chain.

Recent reports on the energy storage auction in Greece shows that “players are willing to take risks” to get into the market, an analyst from research firm Clean Horizon told Energy-Storage.news.

Corporate funding into battery storage companies rebounded in Q2, but remains lower than in 2022 or 2021 so far.

A US$12 million Series B2 has been raised by California-based battery analytics firm Peaxy, which specialises in “first mile data challenges”, a spokesperson told Energy-Storage.news.

Renewable energy firm Greenvolt Power has acquired an early-stage co-located project in New Mexico, US, with a 50MW of energy storage.

Developer Jupiter Power has announced US$70.4 million in loan financing for two battery storage projects in ERCOT, Texas, arranged by First Citizens Bank.

The commercial manager for Balance Power, one of two UK developers to have announced project approvals this week, has questioned whether the market standard 2-hour duration is enough for net zero.

The window for nominations for the inaugural Energy Storage Awards is closing, but there are still a few days left before it slams shut.

The closure of UK battery storage specialist EPC and independent connection provider (ICP) firm G2 Energy has been confirmed by Companies House, with a senior manager describing “unsympathetic clients” in comments given to Energy-Storage.news and that the bulk of the team is joining outsourcing giant Mitie.