London Stock Exchange-listed transatlantic flow battery manufacturer Invinity Energy Systems has conditionally raised £25 million (US$33.46 million) gross proceeds through a share placing.
Long-duration energy storage has a crucial role to play in decarbonising the global energy system sufficiently to avoid catastrophic climate change as long as its value can be unlocked.
ESS Inc’s recent special purpose acquisition company (SPAC) merger, which listed the iron flow battery manufacturer’s shares and warrants on the New York Stock Exchange, has raised US$246 million cash.
US$137.4 million worth of customer orders have been booked so far this year by Eos Energy Enterprises and the zinc hybrid cathode battery storage company said that figure could reach US$300 million by the end of 2021.
A 1,200 hectare site in South Australia has been secured by a developer hoping to use it to build a 300MW solar power site with 3.6GWh of energy storage, based on a novel technology solution.
A new CEO-led organisation representing a broad range of long-duration energy storage technologies and their role in achieving global energy system decarbonisation has launched today.
Gravity and kinetic energy storage startup Energy Vault and ‘thermal pumped hydro’ startup Malta Inc have both said this week that their technologies could be set for gigawatt-hour scale deployments.
Honeywell has created a flow battery which it will deploy in pilot projects of increasing size starting next year. Honeywell Sustainable Technology Solutions (Honeywell STS) vice president and general manager Ben Owens spoke with Energy-Storage.news about it.
Honeywell has made the first announcements around a long-duration battery storage technology it has developed for pilot deployments to begin next year.
Companies in the battery storage sector attracted US$11.4 billion in corporate funding in the first nine months of 2021, a 363% rise on the same period of last year.
