ESS Inc has improved ability to recognise revenues and reduced direct costs of production of its flagship product by 30% in Q2 2023.

US DOE Loan Programs Office has invited Nostromo into due diligence and terms sheet negotiations for a loan worth up to US$176 million.

Zinc battery firm Eos Energy Enterprises has responded to a short seller note which saw its share price nearly halve on Thursday last week.

Energy Vault has started commissioning its first commercial EVx gravity energy storage project in Rudong, China.

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.