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ROUNDUP: Long-duration energy storage news in brief

The long-duration storage company announced last week that it has been invested in by the European Innovation Council Fund (), the investment arm of the EIC, set up by the European Commission to support technologies at pre-commercialisation stage that offer promise within the European Union (EU).The EIC Fund''s €5 million commitment brings the

Thermal energy storage startup EnergyNest secures US$130 million

Other companies targeting the low-carbon thermal storage market — an opportunity worth an estimated €300 billion worldwide according to EnergyNest — include Germany''s Lumenion which is conducting a trial of its high temperature steel technology with utility Vattenfall, Swedish company Azelio which stores heat in a special aluminium

How salt caverns could transform renewable energy storage

The project will initially be developed to store enough energy to serve the needs of 150,000 households for a year, and there will eventually be four types of clean energy storage deployed at scale. These energy storage technologies include solid oxide fuel cells, renewable hydrogen, large scale flow batteries and compressed air energy storage.

Energy Storage Association members approve American Clean

Meanwhile, the American Clean Power Association (ACP) was only formed at the beginning of this year but seeks to represent member companies across a broad cross-section of the clean energy industries, including wind, solar, transmission and energy storage companies to manufacturers, construction and developer groups, asset owners and operators

AES Andes completes Latin America largest energy storage project

The company started construction of the project in October 2020 and then stated that the battery used for it would be provided by Fluence, the energy storage technology provider which counts AES Corporation and engineering solutions company Siemens among its main shareholders.. Moreover, AES Andes expects to complete another solar-plus-storage

Denmark: Better Energy to deploy first large-scale battery project

Image: Better Energy. Developer Better Energy is deploying its first battery energy storage system (BESS), a 10MW/12MWh system, at one of its solar PV plants in Denmark. The company is installing the 1.2-hour duration BESS project at its Hoby solar park on the island of Lolland, southern Denmark, which came online in August 2023.

AES Andes completes Latin America largest energy

Stem Inc revenues up 150% as company targets

Stem Inc has posted record quarterly revenues for Q3 2022, with the AI-driven energy storage company claiming it could begin recording positive EBITDA figures in the second half of next year. In its latest financial results, published yesterday, the company reported US$99.5 million revenues for the period ending 30 September.

Lithium-alternative metal battery storage companies EnerVenue,

EnerVenue launched two years ago to ''disrupt'' energy storage with a 2-12 hour duration system with "virtually unlimited number of cycles", its CEO told Energy-Storage.news when it launched is the company''s second large supply MOU in a short space of time, with a 4.5GWh agreement for the next five years signed with developer Pine Gate Renewables a few

US sees 84% year-on-year rise in Q1 energy

The US energy storage industry saw its highest-ever first-quarter deployment figures in 2024, with 1,265MW/3,152MWh of additions across all market segments. (GSP) co-founder Jessica Shor disclosed to Energy-Storage.news that approximately 80% of the company''s 1,250MW sale would be in ERCOT. Longroad Energy brings battery storage capacity

Leading Clean Energy Storage Provider | Lithium Battery Storage

Fortress Power is the leading manufacturer of high-quality and durable lithium Iron batteries providing clean energy storage solutions to its users. Powering increased revenue and expanding solutions for these innovative companies. About . Fortress Power. At Fortress Power,

Ireland''s Corre Energy buys 280MW Texas

Ireland-headquartered long-duration energy storage (LDES) company Corre Energy has acquired its first in-development project in the US. The company wants to combine hydrogen and compressed air energy

Sungrow and Eve Energy energy storage shipments surge

The company said that 60-70% of its energy storage shipments are to the overseas market. That is part of a trend of China-based BESS providers increasingly gaining global market share. Energy-Storage.news interviewed Sungrow''s ESS Europe director at Solar Media''s Energy Storage Summit EU 2024.

SK Group companies enter energy storage joint venture with US

A project rendering issued when Great Kiskadee Storage was announced by Apex and Powin in May 2023. Image: Powin Energy. SK Gas and SK D&D, two companies in the South Korean SK Group conglomerate, have entered a joint venture (JV) for the ownership of energy storage facilities in the US with Apex Clean Energy.

Global news, analysis and opinion on energy storage innovation

Subscribe to Newsletter Energy-Storage.news meets the Long Duration Energy Storage Council Editor Andy Colthorpe speaks with Long Duration Energy Storage Council director of markets and technology Gabriel Murtagh. Premium News December 10, 2024 News December 10, 2024 Sponsored Features December 10, 2024 News December 10, 2024 Premium Features,

7 Energy Storage Companies to Watch Out for in 2024

In this week''s Top 10, Energy Digital takes a deep dive into energy storage and profile the world''s leading companies in this space who are leading the charge towards a more sustainable energy future.

Rhode Island adopts 600MW energy storage target,

Significant steps have been taken in the adoption of energy storage technologies in Rhode Island and Alaska, the smallest and largest US states by land area, respectively. Rhode Island has become the 11 th US

Mauritius energy minister inaugurates 20MW BESS

The large-scale battery energy storage system (BESS), provided by German engineering company Siemens, was inaugurated on the morning of 28 May, with dignitaries in attendance including the country''s minister of energy and public utilities Georges Pierre Lesjongard. CEB is responsible for electricity transmission, distribution and supply

Small scale solar power in the Indian Ocean Territories

Solar and battery storage for Christmas Island National Park » Island Power Co Pty Ltd ABN 35 617 149 032, EC14572. Electrical contractor and civil contractor, Cocos Keeling Islands.

Aypa Power secures $323m for Idaho energy storage

It is projected to contribute $30m to local economic development throughout its operational lifespan. In April 2024, Aypa secured a long-term energy storage agreement with Idaho Power for the Kuna project.. Aypa

ESS Inc becomes ''US'' first publicly-traded

Eos Energy Enterprises, which makes zinc battery-based energy storage systems, might dispute ESS Inc''s description of itself as the first long-duration storage to publicly list. Eos got listed last November on

Oregon''s PGE makes ''largest utility BESS

Portland General Electric (PGE) has procured 400MW of battery energy storage resources split across two large-scale projects in the Oregon utility''s service area. (VC) funding among energy storage companies worldwide in 2022 by market research firm Mercom Capital, with US$925 million in VC funding. Meanwhile,

Q CELLS'' acquisition of GELI: ''Software is

California-headquartered GELI was notable in the industry for being one of the few pure-play software companies in the energy storage space, focusing on the commercial and industrial (C&I) market. Their value proposition largely included allowing C&I entities to lower energy costs by reducing peak demand and therefore the high proportion of

Christmas Island Phosphates

Leaders in the community and the Union of Christmas Island Workers (UCIW) raised money and ''fought'' to reopen the mine to maintain jobs and an economic future for the island. After nearly 3 years, including a court case that went to the Federal Circuit Court of Australia, Phosphate Resources was successful in gaining a 10-year mining lease

''Hybrid power plant'' enabled for 65% renewable energy island

Energy-Storage.News has reported several times on the project, which uses more than a megawatt of solar, 4.5MW of wind energy along with 3.2MWh of lithium battery energy storage and some thermal generation using diesel for backup.

Croatia looks to fund 20MWh of energy storage projects

The deadline for submitting proposals in 19 June, 2023, and the Call page indicated that the energy storage technology must be battery-based. In September 2020, Energy-Storage.news reported on a €20 million grant from the EU to Croatia-based energy storage operator IE-Energy for the firm to deploy projects in the country.

AGL breaks ground on 250MW Torrens Island battery

Australian power retail and generation company AGL has broken ground on a 250MW / 250MWh battery energy storage system (BESS) project in South Australia. The company said today that preparations have begun at the site of Torrens Island Power Station, so that construction can begin on the AU$180 million (US$128.51 million) project.

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Why did we install solar & battery storage systems on Christmas Island?

Christmas Island - home to the greatest migration of red crabs in the world, and an island that is almost all national park. We installed solar and battery storage systems at two sites on Christmas Island for Parks Australia to provide clean power to their main headquarters and research field station.

Does Christmas Island National Park have solar & battery storage?

Solar and battery storage for Christmas Island National Park. Christmas Island - home to the greatest migration of red crabs in the world, and an island that is almost all national park.

What are the best energy storage companies in 2024?

Dozens of companies are now offering energy storage solutions. In this article, our energy storage expert has selected the most promising energy storage companies of 2024 and demonstrates how their technologies will contribute to a smart, safe, and carbon-free electricity network. 1. Alpha ESS 2. Romeo Power 3. ESS Inc 4. EOS 1. Enapter 2. LAVO 3.

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