Battery storage companies raised US$17 billion in corporate funding in 2021 but have raised US$12.9 billion already this year. 

Tesla’s Megapack as well as the company’s solar PV will power a Bitcoin mining facility in a proof of concept (POC) project in the US.

e-Zinc, which claims its zinc metal-based battery technology could provide low-cost, long-duration energy storage has raised US$25 million. 

News in brief from around the world in energy storage, this time with a distinctly UK flavour.

Insurance is a cornerstone of de-risking financing and investment into energy storage

Developer Alcemi and investment group CIP have partnered for the development, construction and operation of a 4GW UK BESS portfolio.

Experts from LCP, Apricum and law firm CMS look at the development of financing and investment in UK battery storage.

Australia’s Prime Minister Scott Morrison has announced financial support for four technology sector manufacturing projects, including a vanadium processing plant.

Goldman Sachs Renewable Power has cut the ribbon on a large-scale solar-plus-storage project in Kings County, California.

Ameresco has secured a US$262 million increase to its credit facility, supporting the company’s 2.1GWh battery project in California.