Julia Souder, CEO of the Long Duration Energy Storage Council, explores energy storage as the cornerstone of power grids of the future.

The European Commission has given the go-ahead to a €150 million (US$160 million) state aid scheme for renewable energy and energy storage in Slovenia.

The government of Spain is launching €160 million (US$170 million) in grants for energy storage projects, aiming to fund 600MW of projects to go online in 2026.

Israel-based thermal energy storage firm Brenmiller Energy has inaugurated a factory targeting 4GWh of annual production capacity by the end of 2023, the first such gigafactory anywhere, it claimed.

Thermal energy storage solution firms Brenmiller and Kraftblock have agreed to deploy large-scale commercial projects for large European utilities, totalling 9GWh and 150MWh respectively.

Enel X and Magaldi Group have begun construction on 13MWh thermal energy storage plant based on patented technology.

National science agency CSIRO has said Australia needs multiple energy storage technologies at massive scale to achieve its transition.

The European Commission support for manufacturing of clean energy technologies a “game changer” for making the battery industry competitive.

Project claimed to be the first of its kind in the US, utilising the highest temperature thermal storage tech in the world has gone online.

The global need for grid-scale energy storage will rise rapidly in the coming years as the transition away from fossil fuels accelerates.