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.
Developers Emeren and Matrix Renewables, part of private equity firm TPG, intend to launch a development service agreement (DSA) for 1.5GW of battery storage in Italy.
Energy storage can enable decarbonisation of economies around the world and Asia-Pacific is no exception. Hendrik Bohne of Aquila Capital looks at the examples of two leading examples in the region.
Dutch transmission system operator (TSO) TenneT says the Netherlands will need 9GW of large-scale battery energy storage system (BESS) capacity connected to its grid by 2030.
Investing in numerous smaller grid-scale energy storage projects minimises downside risk and can mean getting projects in the ground two years’ quicker, developer Agilitas Energy told Energy-Storage.news.
The European Commission has approved a €1.1 billion (US$1.2 billion) scheme from the government of Hungary to support large-scale energy storage projects.
The Investment Management Corporation of Ontario (IMCO) has bought convertible notes worth US$400 million in European lithium-ion gigafactory firm Northvolt.
