Italy-based Energy Dome, the maker of a proprietary CO2-based long-duration energy storage system, has closed the second tranche of its Series B, raising another €15 million bringing the total to €55 million (US$62 million).
Scaling up net zero-enabling battery storage technologies will require financiers and investors to share risks with developers, such as those over supply chain.
The commercial manager for Balance Power, one of two UK developers to have announced project approvals this week, has questioned whether the market standard 2-hour duration is enough for net zero.
System integrator Eco Stor is planning to build a 300MW/600MWh battery energy storage system (BESS) in Saxony-Anhalt, Germany, one of the largest projects in Europe.
New transferability and direct pay provisions for clean energy tax credits are a “game changer for renewable energy development” in the US, Shearman & Sterling partner Mona Dajani told Energy-Storage.news.
Global BESS integrator Fluence has secured its second ‘Grid Booster’ battery storage project in Germany, this time with TSO TenneT for two projects totalling 200MW.
California utility SDG&E has commissioned two projects totalling 171MW of battery storage, while system integrator Ameresco has secured contracts to deliver 379MWh for at four gas plants in the state.
London-based investor NextEnergy Capital has closed a US$480 million tranche of investment in its NextPower V ESG (NPV ESG) fund, which is targeting solar and battery storage.
