Long-duration ''pumped heat energy storage'' startup Malta raises
In addition to new investor Moskovitz, the Series B was joined by two existing investors in the company, Bill Gates'' Breakthrough Energy Ventures and industrial materials group Alfa Laval. The Series B was led by Switzerland-headquartered energy group Proman, which is involved in ammonia and methanol production.
Strata breaks ground on 1GWh Arizona BESS
The project totals US$500 million of investment, Strata said, and is supported by the standalone energy storage investment tax credit (ITC), Energy-Storage.news'' publisher Solar Media will host the 5th Energy Storage Summit USA, 19-20 March 2024 in Austin, Texas. Featuring a packed programme of panels, presentations and fireside chats
Goldman Sachs invests US$250 million in long-duration energy storage
Other recipients of investment in the long-duration energy storage space include various flow battery, thermal and mechanical energy storage technology companies. Last year at COP26 the Long-Duration Energy Storage Council was launched representing 16 of those companies among its 24 founding member organisations.
European Investment Bank supports thermal, gravity energy storage
A total of 311 applications were received for clean energy or decarbonisation projects after the call for submissions opened last summer. Of these, seven were selected to receive direct funding from a €1.1 billion budget and include hydrogen, carbon capture and storage, advanced solar cell manufacturing and other technologies.
Belize seeks expertise for ambitious renewable energy project
A central component of the project is the development of a 40 MW battery energy storage system (BESS). This facility will enable the seamless integration of clean energy sources into the national
Saudi Fund for Development to build 60MW solar PV plant in Belize
SFD will supply and install solar panels in Belize through this agreement. Image: Unsplash. The Saudi Fund for Development (SFD) has signed a loan agreement with the government of Belize to build
Gore Street Energy Storage Fund
GSF is London''s first listed energy storage fund, with a diversified portfolio located across five electrical grids. Energy storage is the facilitator of renewable growth worldwide, playing a crucial role in the UK reaching its net zero target by 2050.
Japan: Eku begins first BESS project, Gore Street raises funding
Eku Energy''s managing director for Japan, Kentaro Ono, at the groundbreaking ceremony for the Hirohara BESS. Image: Eku Energy. Eku Energy has begun its first battery storage project in Japan, while Gore Street Capital has raised funding for the country''s first energy storage-dedicated fund. Eku: 120MWh project with 20-year tolling agreement
Energy storage tech company Fluence to become ''unicorn'' with
Qatar Investment Authority has committed to investing US$125 million in Fluence through a private placement transaction. Meanwhile, Fluence''s current joint owners, energy asset developer AES Corporation and engineering giant Siemens will maintain around 44% of the energy storage company''s stock following the transaction, which remains
Investors'' demands will drive digitisation in battery storage
Storage is booming. 2020 marked a pivotal year for energy storage as a robust asset class, and investors are taking notice. The first quarter of 2021 saw battery storage companies raise US$994m in venture capital funding across 13 deals – a dramatic increase from Q1 of 2020 in which they raised US$164m across six deals (Mercom).
Goldman Sachs invests US$250 million in long
Other recipients of investment in the long-duration energy storage space include various flow battery, thermal and mechanical energy storage technology companies. Last year at COP26 the Long-Duration Energy
Australia: 2GWh of energy storage reaches financial commitment
The rolling 12-month average for energy storage project investment remains high at nearly AU$1.6 billion (US$1.08 billion). The largest energy storage project to reach this milestone is the 4-hour duration 300MW/1,200MWh Stanwell Big Battery in Queensland, with the battery energy storage system (BESS) to be built at the site of Stanwell Power Station, a
ETI Energy Snapshot
Belize U.S. Department of Energy Energy Snapshot Population Size 383,071 Total Area Size 22,970 Sq. Kilometers Total GDP $1.87 Billion Gross National Income (GNI) per Capita $4,470 Share of GDP Spent on Imports 58% Fuel Imports 1.5% Urban Population Percentage 46% Energy Storage Rebates
Cyprus confirms €35 million ''investment
The Sponsorship Plan for Energy Storage Systems combined with Renewable Energy Sources (RES) will see what the ministry described as ''investment support'' for hybrid renewables-plus-storage projects awarded through competitive solicitations.
Investors
Welcome to the Investor Portal for Invinity Energy Systems plc. Invinity is a global manufacturer of Vanadium Flow Batteries (VFBs), a leading alternative to Lithium-ion technology for the stationary energy storage market. Our safe, economical and proven batteries are already unlocking low-cost, low-carbon, renewable energy on-demand for
Startups scout mining sites to repurpose as large
Energy-Storage.news'' publisher Solar Media will host the 9th annual Energy Storage Summit EU in London, 20-21 February 2024. This year it is moving to a larger venue, bringing together Europe''s leading investors, policymakers, developers, utilities, energy buyers and service providers all in one place. Visit the official site for more info.
UK investment scheme to boost energy storage infrastructure
Other technologies, such as liquid air energy storage, compressed air energy storage and flow batteries, could also benefit from the scheme. Studies suggest that deploying 20GW of LDES could save the electricity system £24bn between 2025 and 2050, potentially reducing household energy bills as reliance on costly natural gas decreases.
EU''s Battery Passport ''will give energy storage investors more
UK minister of state for climate change and energy Graham Stuart gave a keynote address to open the event. Image: Solar Media . The European Union''s Battery Passport, which will make all of the components of devices placed into the market traceable, will be a useful tool for investors in energy storage, Energy-Storage.news has heard. The digital passport
Metal-hydrogen battery storage startup EnerVenue
Saudi Aramco Energy Ventures is also an investor in Energy Vault, a Swiss-American startup which is currently commercialising a gravity-based mechanical energy storage technology. Energy-Storage.news reported
Cyprus confirms €35 million ''investment
The Sponsorship Plan for Energy Storage Systems combined with Renewable Energy Sources (RES) will see what the ministry described as ''investment support'' for hybrid renewables-plus-storage projects awarded
Wind Energy in Belize: Unlocking the Potential of Clean Power
In conclusion, Belize''s pursuit of wind energy is a testament to the country''s commitment to a greener, more sustainable future. By leveraging its natural resources and forging strategic partnerships, Belize is well on its way to unlocking the full potential of wind power. As the country continues to invest in infrastructure, gather
Central American nation Belize seeks consultation for
A battery energy storage system (BESS) facility of 40 MW capacity is sought under the project to enable seamless integration of clean energy onto the national electricity grid to provide uninterrupted supply of
Belize
Belize''s foreign investment regime is generally open with 100 percent foreign ownership permitted in almost all sectors, with exceptions in some tourism and cultural preservation sectors. According to Belize''s Central Bank, net foreign direct investment (FDI) into Belize was US $207.25 million, an increase of 38 percent from 2021.
Bushveld restructures CellCube investment
Bushveld Minerals is restructuring its investment in vanadium redox flow battery (VRFB) firm CellCube, increasing it slightly to 27.6%, as part of its own energy storage business carve-out. The primary vanadium producer has entered into conditional agreement for a complex deal that will effectively increase its holding in Austria-based Enerox
Copenhagen Infrastructure Partners builds 1GWh BESS in UK
Renewable energy investor Copenhagen Infrastructure Partners (CIP) has confirmed that its 500MW/1,000MWh battery energy storage system (BESS) in Scotland, UK, is ready to commence construction. The project, which is being developed by network solutions company Alcemi via CIP''s Flagship Funds, has been issued a ''Notice To Proceed'' and
Aramco Ventures among investors in ex-NASA
Series A investors include climate tech venture capital (VC) group Clean Energy Ventures and Aramco Ventures, the VC arm of Saudi Arabian oil and energy company Aramco. "Noon Energy''s technology has far greater potential as modular, scalable and low-cost long-duration energy storage than any other approach we''ve ever seen, and
Eolian claims first use of new energy storage ITC for Texas BESS
Eolian is a specialist energy storage investor and developer owned by Global Infrastructure Partners. Image: Eolian. Energy storage developer Eolian has completed an investment in two standalone battery energy storage projects in Texas, which it claims is the first use of the Inflation Reduction Act''s new tax credit incentives (ITC).
Energy Snapshot Belize
Energy Snapshot Belize This profile provides a snapshot of the energy landscape of Belize, a Central American country bordering Mexico to the north, Guatemala to the west and south, and the Caribbean Sea to the east. Although not an island nation, Belize is included in this energy snapshot series because of the small diesel systems used to
Saudi Fund for Development to build 60MW solar PV
SFD will supply and install solar panels in Belize through this agreement. Image: Unsplash. The Saudi Fund for Development (SFD) has signed a loan agreement with the government of Belize to build