Gravity and kinetic energy storage startup Energy Vault and ‘thermal pumped hydro’ startup Malta Inc have both said this week that their technologies could be set for gigawatt-hour scale deployments.
Companies in the battery storage industry raised US$9.6 billion in corporate funding during H1 2021, with European manufacturing startup Northvolt once again the biggest single recipient of venture capital (VC) investment.
The cooling of commercial and industrial (C&I) buildings accounts for a significant percentage of energy use and greenhouse gas emissions (GHGs), but can instead be turned into “powerful energy assets.”
This edition of our news in brief from around the world focuses on novel technologies promising several hours or more of competitively-priced energy storage.
Construction is set to begin in Australia on a grid-scale power generation and long-duration energy storage project combining solar power and thermal energy storage, after the company behind the project said this morning that funding has been secured.
Experts, technology providers and energy system stakeholders discuss how the need for long-duration energy storage can be met, in this panel discussion from the Energy Storage Summit USA hosted earlier this year by our publisher Solar Media.
A 2.5MW / 4MWh demonstration system using novel energy storage technology based on a “carbon dioxide battery” has begun construction in Sardinia, Italy.
An investment worth €110 million (US$131.5 million) has been agreed by ‘thermal battery’ manufacturer EnergyNest which would make infrastructure equity investor Infracapital its biggest shareholder.
For the US to thrive while achieving its decarbonisation goals, it needs a robust clean energy economy, creating well-paid jobs and a strong trajectory for technical innovation, argues Philip Brennan, CEO of Echogen, an Ohio-based provider of waste-heat recovery systems and electro-thermal energy storage solutions.
