Germany-based flow battery company VoltStorage has been granted a venture debt loan of €30 million (US$33 million) by the European Investment Bank (EIB), guaranteed by the European Commission.
More news in brief from around the world in energy storage, featuring vanadium redox flow batteries (VRFBs), bankruptcy for a thermal storage startup and a new integrated lithium tech.
Projects using novel, non-lithium battery technology have been progressed by organic flow battery firm CMBlu, liquid metal battery firm Ambri, and the NAS battery division of NGK Insulators.
A seven-year observation of a vanadium flow battery in California from Sumitomo Electric has been completed, while US lab PNNL has found an alternative, food-based electrolyte which it said boosted capacity and longevity.
Startup ZincFive, maker of a novel nickel-zinc battery for stationary storage applications, has brought its total investment raised since founding seven years ago to more than US$200 million.
Iron-saltwater flow battery company ESS Inc looks set to deploy by far its largest project to-date, a 50MW/500MWh system at a renewables hub from German energy firm LEAG, with potential for more.
Australian Vanadium, targeting vertically integrated involvement in the flow battery market, has received the first payment from a government grant to support its manufacturing plans.
