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.
More news in brief from around the world in energy storage, featuring vanadium redox flow batteries (VRFBs), bankruptcy for a thermal storage startup and a new integrated lithium tech.
More than 5% of Spain’s renewable energy generation could face economic curtailment between 2025 and 2030, but long-duration energy storage (LDES) could reduce or eliminate that need.
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).
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.
