Zinc battery storage company Eos Energy Enterprises has received positive news from the US Department of Energy (DOE) regarding a US$398.6 million loan.
Vanadium producer Largo Inc has appointed financial advisors to undertake a “strategic review” of its downstream energy storage deployment arm Largo Clean Energy.
Sumitomo Electric will supply an 8-hour duration vanadium redox flow battery (VRFB) to a recently-established municipal power company in Niigata, Japan.
Closed-loop pumped hydro energy storage (PHES) has fewer emissions associated with its development, construction and use than other leading options for large-scale energy storage.
Iron-air battery firm Form Energy has received a US$12 million grant from the state of New York for a 1GWh long-duration energy storage project, whilst Ecolectro Inc, PolyJoule Inc and Urban Electric Power received smaller amounts.
The domestic manufacturing capabilities of US flow battery providers ESS Inc and Stryten Energy have been celebrated by senior state politicians in Oregon and Georgia respectively.
Kraftblock, a thermal energy storage startup based in Germany, and Australia’s MGA Thermal have secured funding to accelerate their technologies’ scale-up and commercialisation.
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.
