The Australian Renewable Energy Agency (ARENA) has opened the second round of the Community Batteries Funding Program with AU$46.3 million (US$28.8 million) earmarked for successful applicants.
“We need to allow the technology to show us what the most cost effective solution for 10-20-hour duration energy storage is”, managing director of Adaptogen Capital James Mills says.
Developer Lion Storage has successfully reached financial close on a 1.4GWh battery energy storage system (BESS) set to be developed in the Netherlands.
Toronto, Ontario-headquartered Hydrostor has secured a US$200 million investment for its advanced compressed air energy storage (A-CAES) projects both in Canada and globally.