Oil and gas major Chevron has pulled out of plans to acquire an equity interest in ACES Delta, the 300GWh green hydrogen energy storage project in Utah, it confirmed to Energy-Storage.news.
UK-based Connected Energy has raised £15 million (US$18.4 million) from five new investors to help scale up its second life-based battery energy storage system (BESS) solution.
Mining giant Rio Tinto has invested US$10 million in battery materials company Nano One, a few weeks after Nano One acquired the lithium iron phosphate cathode business of Johnson Matthey.