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.