Bushveld Minerals is restructuring its investment in vanadium redox flow battery (VRFB) firm CellCube, increasing it slightly to 27.6%, as part of its own energy storage business carve-out.
With nearly half of global emissions coming from heat processes, clean long duration energy storage (LDES) which can store thermal energy are crucial for decarbonisation, says a new LDES Council report.
Norway-based thermal energy storage company Kyoto Group has signed a letter of intent (LOI) to deploy an 88MWh system in Spain in the second half of 2023.
Long duration energy storage technologies like flow batteries, compressed air or gravity-based solutions look set to enter the market at scale in the second half of the 2030s, according to the DNV Energy Transition Outlook.
Vanadium flow battery company Invinity Energy Systems has sold a 1.3MWh system to Kinetic Solution for a microgrid project serving a data centre in Arizona.
Danish energy company Ørsted will run a feasibility study on the deployment of a 20MW/200MWh energy storage system using Italian startup Energy Dome’s ‘CO2 Battery’ technology.
Oil and gas major TotalEnergies, thermal energy storage system company 1414 Degrees and six other companies have joined the Long Duration Energy Storage (LDES) Council.
