Hydrostor, a Canadian company with projects under development in North America and Australia using its advanced compressed air energy storage (A-CAES) technology, has secured CA$10 million (US$7.99 million) growth capital.
California’s government has issued a roadmap for the US state to achieve its long-term goal of 100% clean energy, while an immediate State of Emergency has been declared over concerns the electric system will struggle under heat waves this summer.
An agreement has been reached between the developer of a large-scale pumped hydro energy storage project in Ontario, Canada, and the Department of National Defence that could see the project built on federal land.
Startup Form Energy has finally made public the battery chemistry behind a technology that the company claims could make challenges of integrating renewable energy a thing of the past and outcompete fossil fuels.
A process of gathering information, evidence and analysis on long-duration energy storage technologies and the role they could play in the UK’s energy system has begun, launched by the government Department for Business, Energy and Industrial Strategy (BEIS).
Vanadium redox flow battery (VRFB) manufacturer VRB Energy will supply a 500kWh energy storage system to a Chinese government scientific facility with the potential that it will be used to help develop the country’s decarbonisation policies.
The cost of long-duration, grid-scale energy storage should be reduced 90% within this decade in order to accommodate the “hundreds of gigawatts of clean energy” needed, US Secretary of Energy Jennifer Granholm said yesterday.
The National Renewable Energy Laboratory (NREL) in the US has forecast dramatic cost reduction trends for battery energy storage to continue on a rapid trajectory to 2030 with reductions continuing at a slower pace through to 2050.