Nostromo Energy is seeking an equity capital raise as part of getting a US$189 million loan guarantee from the US Department of Energy to roll out its cold energy storage solution.

New energy storage projects co-located with renewables in Spain will be eligible to have 40-65% of their investment costs covered under a government scheme launching in a week’s time.

French renewable energy company Neoen has kicked off 200MW/400MWh battery project in Australia, its third under construction in the country.

California utility PG&E is developing a long-duration energy storage microgrid combining batteries and green hydrogen, in partnership with Energy Vault, the company known for its gravity-based solution.

A Madrid-headquartered developer has proposed a solar-plus-storage system in Spain with a 100MW/200MWh battery energy storage system (BESS).

A roundup of energy storage news stories from Europe.

Virtual power plant (VPP) specialist Swell Energy will aggregate home solar and battery systems in a new programme from the Sacramento Municipal Utility District (SMUD).

Form Energy has chosen a site in West Virginia, US, to manufacture its multi-day iron-air battery with a total investment of up to US$760 million.

CO2 Battery company Energy Dome has won €17.5 million (US$18.5 million) in grant and equity financing from the European Innovation Council, the maximum amount available.

The California Independent System Operator (CAISO) has enacted market rule changes to make it easier for energy storage to provide grid ancillary services and help grid reliability.