Thermal energy storage company Rondo Energy has completed a US$60 million fundraising round from investors including Rio Tinto, Microsoft, Aramco and Energy Impact Partners.
The four most high-profile energy storage system (ESS) companies that listed via SPAC mergers – Eos, Energy Vault, ESS Inc and Stem – have seen their share prices fall by an average of 80% since going public.
US electric utility Xcel Energy has launched a request for proposals (RFP) for solar and battery storage projects to replace its Allen S. King coal-fired power plant in the US state of Minnesota.
Developer Recurrent Energy, an arm of solar PV and ESS manufacturer Canadian Solar, has secured a 20-year agreement with a local utility for a 1,200MWh battery storage project in Arizona.
A recent draft final rule on reforms of grid interconnection processes from US regulator FERC has been welcomed by the energy storage industry, although many hurdles still remain.
Zinc battery firm Eos Energy Enterprises saw reduced activity in Q2 as it transitioned to its Z3 product, while CEO Joe Mastrangelo discussed its backlog, the subject of a recent short-seller note.
Oregon-based Powin Energy, one of the largest battery energy storage system (BESS) integrators, has appointed Jeff Waters as new CEO to replace the outgoing Geoff Brown.
The government of New Caledonia, a French overseas territory in Polynesia, has announced plans for a 150MWh battery energy storage system (BESS) to be deployed by IPP Akuo Energy.
The early numbers on the benefits of the Energy Superhub Oxford’s combination of lithium-ion and vanadium flow batteries are “encouraging”, project owner EDF Renewables told Energy-Storage.news in an interview one year one from its launch.
