Gravity-based energy storage technology company Energy Vault has formed a strategic partnership with non-ferrous metals smelting and refinery company Korea Zinc, including a US$50 million investment commitment. 

While we’re waiting to get started up for what looks like being a busier year than ever in 2022, let’s look back as we reveal the most-read blogs and features for 2021.

News in brief from a busy week for the UK’s energy storage industry.

Africa-based independent power producer (IPP) Globeleq said financial close has been achieved on a solar PV project in Mozambique which will be integrated with energy storage. 

Equinor has acquired a 45% stake in UK utility-scale energy storage and stability services developer Noriker Power.

Another roundup of news in brief in energy storage, this time focused on the UK industry.

Construction has begun on a 150MW / 150MWh battery storage project at the site of a former fossil fuel plant site in Victoria, Australia.

London Stock Exchange-listed energy storage investor Gresham House Energy Storage Fund has secured a £380 million (US$507 million) funding package from major UK retail bank NatWest.

London Stock Exchange-listed transatlantic flow battery manufacturer Invinity Energy Systems  has conditionally raised £25 million (US$33.46 million) gross proceeds through a share placing. 

Energy storage can change electricity’s status as the ultimate ‘just-in-time’ product, where supply and use have to be matched in real-time, but this won’t be possible without increasingly sophisticated software solutions.