Saudi Arabian oil firm Aramco has entered into a memorandum of understanding (MOU) with Rondo Energy, a thermal energy storage company, following an equity investment.
RayGen, a startup developing long-duration energy storage (LDES) technology designed for pairing with renewable energy installations, has raised investment to kick off a Series D funding round.
US$150 million has been raised in a Series B by Antora Energy, a US-based startup with a novel ‘thermal battery’ technology claimed to be suitable for decarbonising industrial processes.
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.