Energy Vault has confirmed its increased guidance for 2022, posting US$146 million in revenue of which two-thirds came in Q4.

Advanced compressed air energy storage company Hydrostor has signed PPA for flagship large-scale project in California.

The Solar Energy Corporation of India (SECI) is seeking proposals for non-battery energy storage projects to supplement renewable energy generation, and will cover up to 100% of project costs.

Energy Vault added US$191 million to existing cash reserves when it listed on the New York Stock Exchange.

Energy Vault has got its New York Stock Exchange (NYSE) listing after the gravity-based energy storage company’s merger with special purpose acquisition company (SPAC) Novus Capital Corporation II completed. 

The EU’s European Investment Bank has pledged support for a long-duration thermal energy storage project and a gravity-based energy storage demonstration project.

News in brief from around the world in energy storage.

A new CEO-led organisation representing a broad range of long-duration energy storage technologies and their role in achieving global energy system decarbonisation has launched today. 

Special purpose acquisition company (SPAC) Novus Capital Corporation II chose to merge with novel gravity and kinetic energy-based storage Energy Vault after receiving target proposals from more than 100 different firms.