AES Andes has received environmental review approval for a 560MW project in Chile converting an existing coal plant to renewable energy and energy storage, using a molten salt-based technology.

Long-duration energy storage with renewable energy could reduce the emissions from industrial energy use by almost two-thirds, a new report has said.

Lessons will be learned from an overheating incident at a thermal energy storage demonstration unit to which fire crews were called, the company behind the technology has said.

RayGen, a startup with a novel high-temperature thermal energy storage tech, has marked opening of a 50MWh plant in Victoria, Australia.

Thermal energy storage companies Kyoto Group and Brenmiller have inaugurated and won funding approval for projects in Denmark and Israel, respectively.

Thermal energy storage company Rondo Energy has completed a US$60 million fundraising round from investors including Rio Tinto, Microsoft, Aramco and Energy Impact Partners.

Startup Kyoto Group has begun operational testing of a 4MW molten salt-based power-to-heat system in Denmark.

Kraftblock, a thermal energy storage startup based in Germany, and Australia’s MGA Thermal have secured funding to accelerate their technologies’ scale-up and commercialisation.

US DOE Loan Programs Office has invited Nostromo into due diligence and terms sheet negotiations for a loan worth up to US$176 million.