Australia’s MGA Thermal has secured AU$17 million (US$12 million) in new investment for its long-duration thermal energy storage technology as it enters the commercial scale-up phase.
A 582MWh battery storage project and a gigawatt-hour-scale thermal energy storage system are the latest big developments in the emerging Baltic region, north-eastern Europe.
The costs of certain long-duration energy storage (LDES) technologies are expected to decline by around 37% on average by 2030, according to a new study.
We need to think more deeply about thermal energy storage as a pathway to industrial decarbonisation and managing electricity costs, writes Pasquale Romano, CEO of Redoxblox.
Thermal energy storage can make steam for chemical industries and manufacturing economically viable, writes Martin Schichtel, CEO and Founder of Kraftblock.