Genex Power has received credit approvals on a AU$35 million (US$25.26 million) debt finance facility for its 50MW/100MWh Bouldercombe battery energy storage system (BESS) project in Queensland, Australia.
Thermal storage startup Antora Energy has raised US$50m from a group of investment firms including Bill Gates’ Breakthrough Energy Ventures to accelerate the development of its heat-based carbon block energy storage system for heavy industry.
Renewables developer Solariant Capital and energy investor Daiwa Energy & Infrastructure (DEI) are collaborating to develop a portfolio of US solar and energy storage projects.
UK clean energy and transport solutions developer Zenobē Energy has established a multi-source debt structure of £241 million (US$326 million) to fund capital investment into e-buses and charging infrastructure.
Renewables owner and operator Brookfield Renewable has tripled its US development pipeline to 31GW through the US$650 million acquisition of clean power developer Urban Grid.
Industry stakeholder organisations from across Europe have come forward to urge the European Union to support the adoption of long-duration energy storage in its European Green Deal.
A 100MWh gravity-based energy storage system developed by Energy Vault is expected to begin construction in China in the second quarter of this year, the Swiss-American startup has claimed.
Investors are now becoming more comfortable with battery storage in the UK, with projects being profitable and cost-effective, according to industry experts.
The Indian government’s decision to classify grid-scale energy storage as infrastructure addresses the industry’s “biggest concerns” by making investments easier to facilitate, Energy-Storage.news has heard.
