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German flow battery firm VoltStorage gets €30 million EU-guaranteed EIB venture loan

August 1, 2023
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.
View of Cruachan Dam at the site in Argyll, Scotland. Image: Drax.

Development consent granted for 600MW underground pumped hydro plant in Scotland

July 31, 2023
Drax Group has secured development consent for a 600MW underground pumped storage hydro (PSH) plant in Scotland, UK.
Victoria Minister for Energy and Resources Lily d'Ambrosio (second from left) helps turn sod at the Rangebank BESS site. Image: Eku Energy.
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Victoria energy minister in attendance as work begins on 400MWh Macquarie-Shell Energy BESS project

July 28, 2023
Pre-construction activities commenced this week on Rangebank BESS, a 200MW/400MWh project in Victoria, Australia.
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NHOA Energy’s H1 2023 EBITDA down 39%

July 26, 2023
NHOA Energy’s EBITDA for H1 2023 dropped by 38.8% year-on-year to €1.11 million (US$1.23 million) but the company expected the EBITDA for 2023 to reach up to €10 million.
ESGC-summit-2023-DOE-office-of-electricity-via-Twitter

US Department of Energy adds US$30 million funding for long-duration and storage R&D

July 26, 2023
The US Department of Energy will commit US$30 million in new awards and funding opportunities for energy storage solutions.
BESS units at Field's first completed project in Oldham, UK. Image: Field.

UK BESS developer Field gets US$258 million investment from DIF Capital Partners

July 26, 2023
Battery energy storage system (BESS) developer Field has received a £200 million (US$257.96 million) investment from DIF Capital Partners.
AI solutions for optimisation need not be 'black boxes' of uncertainty for customers. Image: Flickr User Deepak Pal.

The future of battery trading: Addressing the risks and rewards of AI optimisation

July 25, 2023
With the rise of AI-driven solutions for optimisation of trading using battery energy storage system (BESS) assets, Prudence Heck and Andrew Young of Spearmint Energy consider strategies and risks.
Philippines president Ferdinand R. Marcos Jr cuts the ribbon to inaugurate ABB's BESS project in June. Image: Gov't of Philippines official photo.

State of Charge: Energy-Storage.news’ Guest Blogs of H1 2023

July 25, 2023
Our mid-year series continues with a look back at all 12 Guest Blogs published during the first six months of this year.
Google's Nest thermostats are among the devices from more than 70 partners compatible with Leap's platform. Image: Google.

‘Software-only’ US virtual power plant specialist Leap raises US$12 million financing

July 20, 2023
Leap, a provider of software to aggregate distributed energy resources into VPPs, has raised US$12 million equity investments.
eku energy macquarie bci bess platform

UK: Macquarie-backed Eku Energy and NHOA to build 130MWh BESS projects for 2024 COD

July 20, 2023
Developer Eku Energy, backed by global investor Macquarie, and system integrator NHOA will start building two battery energy storage system (BESS) projects totalling 130MWh.

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Powin could cease operations by end of July if ‘present business circumstances do not improve’

Eos and Faraday partner to deploy California microgrid on tribal land

California launches US$280 million solar and battery programme for low-income households

Powin’s ‘significant financial challenge reflective of industry headwinds,’ company says

US import tariff analysis spells out extent of challenge facing US battery storage industry

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Energy storage IPPs reveal impacts of tariffs and tax credit uncertainty: Stockpiles, strategy shifts and price increases

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