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.

Drax Group has secured development consent for a 600MW underground pumped storage hydro (PSH) plant in Scotland, UK.

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.

NGK Insulators will supply a sodium-sulfur (NAS) battery storage system to a project for utility Sala Energy in Japan’s Shizuoka Prefecture.

The US Department of Energy will commit US$30 million in new awards and funding opportunities for energy storage solutions.

Ireland-headquartered long-duration energy storage (LDES) company Corre Energy has acquired its first in-development project in the US.

The US Department of Energy has identified 1,800 sites in Alaska that could be suitable for new pumped hydro energy storage systems.

Presenting the most-read news stories on Energy-Storage.news for the first half of 2023, including policy, technology and market developments shaping the industry.

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).