Energy Dome, an Italy-based company which has developed a novel CO2-based long-duration energy storage system, has closed an US$11 million bridge funding round.
Europe will need a total of 187GW of energy storage by 2030 and 600GW by 2050 to meet its renewable energy targets, according to the European Association of Energy Storage (EASE).
Flow battery companies CMBlue Energy and Redflow, both of whom have developed solutions using alternatives to vanadium, have struck commercial deals in Austria and the US, respectively.
Geoff Brown, CEO of the the world’s fifth largest battery energy storage system (BESS) integrator Powin Energy, discusses the company’s strategy for the coming years in an interview with Energy-Storage.news.
Vanadium redox flow battery (VRFB) developer Enerox, better known by its CellCube brand, has set up a subsidiary in Colorado, US, to bring its product to the North American market.
Welbar Energy Storage joint venture – made up of Penso Power and Luminous Energy – has secured planning permission for a 350MW connection capacity battery storage development with a five-hour duration in the UK.
The Long Duration Energy Storage Council, the organisation formed last year to push for the global deployment of eight-hour-plus duration storage technologies, has elected its first board of directors.
Compressed air long-duration energy storage solution provider Hydrostor has received an investment commitment of US$25 million from Canada Pension Plan Investment Board.
Long duration energy storage (LDES) technologies may have a difficult time competing with lithium-ion over the next decade as the latter’s cost-competitiveness at longer durations increases, possibly even to 24 hours, according to Haresh Kamath, Electric Power Research Institute (EPRI).
