Nicosia gets EU funds for energy storage. The Republic of Cyprus has secured 40 million euros from the Just Transition Fund for energy storage facilities, addressing the inflexibility of its electricity system in storing excess energy from

"Energy storage companies saw their highest VC funding in 2023, largely thanks to the Inflation Reduction Act''s Investment Tax Credit and other incentives like manufacturing credits for battery

Venture capital funding in the global energy storage space broke records in 2023, coming in at $9.2 billion in 86 deals — a 59% year-over-year increase,

Two hundred and sixty VC investors participated in battery storage deals in 2021 compared to 105 in 2020. Breakthrough Energy Ventures was the top investor in 2021. In 2021, announced debt and public market financing for battery storage companies increased significantly with $8.2 billion in 20 deals.

Energy transition pulled in $755 billion, a 25% increase over 2020 investment, double what was invested in 2015, and a more than 20-fold increase since 2004. A look at this chart reveals

The future of energy supply: Combined energy storage a key technology Oct 29, 2018 Indonesia has far more than enough pumped hydro storage sites to support a 100% renewable electricity grid

WASHINGTON, D.C. — The U.S. Department of Energy''s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced two projects selected to receive a total of $23.2 million to evaluate the potential of oil and gas production and geologic storage of carbon dioxide (CO 2) from unconventional reservoirs through a

The U.S. Department of Energy''s (DOE''s) Office of Electricity (OE) today announced two new funding pathways for energy storage innovation. Grid-scale energy storage is critical to supporting a resilient and secure electricity grid that can more efficiently transmit clean energy in the United States. The need for longer-duration storage

The Energy Department today announced $20 million for 10 new research and development projects that will advance hydrogen production and delivery technologies. Developing technologies that can economically produce and deliver hydrogen to power fuel cells from diverse, domestic, and renewable resources can enable

This 122-fold explosion of stationary energy storage over the next two decades will require $662 billion of investment, according to BNEF estimates. It will be made possible by further sharp declines in the cost of lithium-ion batteries, on top of an 85% reduction in the 2010-18 period. BNEF''s Energy Storage Outlook 2019 predicts a further

The following seven investment ideas stand to benefit from the pending energy storage boom. There is no way to predict precisely how the landscape of utility

Plus Power LLC announced completion of $1.8 billion in new financing for standalone battery storage. Post this The company, which leads the sector for developing, owning, and operating standalone

Global energy investment is set to exceed USD 3 trillion for the first time in 2024, with USD 2 trillion going to clean energy technologies and infrastructure. Investment in clean

February 9, 2024. Sebastian Burduja, Romania''s minister of energy. Image: ITU/Rowan Farrell. The Ministry of Energy of Romania has reopened a competitive solicitation for battery storage for the grid integration of renewable energy, seeking "at least" 240MW and 480MWh of resources. The Ministry made its announcement yesterday (8 February

The community is home to 49 energy-efficient affordable houses financed and built by Self-Help, a partner of Climate United, which will use a $6.97 billion award to support climate-friendly

The funds will also be used to support Hydrostor''s development and marketing activities in markets which have identified a near-term demand for long-duration energy storage. Last year, Form Energy, a startup with a novel iron-air chemistry long-duration energy storage technology raised US$240 million in a funding round, while

Department of Energy Invests $17.9 Million in Long-Duration Energy Storage Technologies The U.S. Department of Energy (DOE) today announced $17.9 million in funding for four research and development projects to scale up American manufacturing of flow battery and long-duration storage systems.

Spain will allocate 6.9 billion euros ($7.8 billion) to renewables, green hydrogen and energy storage in the next two years and aims to attract another 9.45 billion euros in private funding under

DOE is striving to drive down the costs of multi-hour storage to $0.05/kWh by 2030 with its half billion dollars announced last week and its "Long Duration Storage Shot" announced last July. It is too early to tell if its goal of a 90% cost drop is realistic but the big fall in wind and solar prices are a reason for optimism, according to

WASHINGTON, D.C. — The Biden-Harris Administration, through the U.S. Department of Energy (DOE), today issued a Request for Information (RFI) seeking public input on a new $1 billion program to improve energy generation in rural or remote communities across the country. Funded by President Biden''s Bipartisan Infrastructure

An Italian equity fund which counts the European Investment Bank among its institutional investors has said it will invest up to €20 million (US$24.34 million) in a

The U.S. Department of Energy (DOE) selected 29 projects to receive nearly $7.6 million in federal funding for cost-shared research and development. The projects will advance energy storage technologies under the Funding Opportunity Announcement (FOA) DE-FOA-0002332, Energy Storage for Fossil Power Generation.

Duke Energy is investing $30 million into the two biggest battery storage projects in North Carolina -- a first for the regulated arm of the Charlotte-based utility.

The European Investment Bank (EIB), Instituto de Crédito Oficial (ICO) and Iberdrola today announced an agreement aiming to support the decarbonisation of the economy by producing green hydrogen for industrial use, thereby contributing to EU energy security. To this end, Iberdrola will receive €53 million from the EIB and €35 million from

The country spent $546 billion in 2022 on investments that included solar and wind energy, electric vehicles and batteries. That is nearly four times the amount of U.S. investments, which totaled

Wednesday, 16 March 2022. Robin Whitlock. Social business Ecosia is investing $30 million into renewable energy in the wake of the climate crisis and the Ukraine invasion. Courtesy of NREL. Environmentally-focused search engine Ecosia has announced an investment of $23 million into solar energy platform Zolar to help households speed up

Article content (Bloomberg) — Northvolt AB, the startup preparing to begin large-scale battery production in Sweden and Germany, will invest $200 million in ramping up capacity for energy storage systems that will compete with Tesla Inc.''s Megapack.

The firm spearheading one of the Republic of Cyprus'' most ambitious energy ventures, the LNG terminal at Vassiliko, finds itself grappling with challenges that

WASHINGTON, D.C. — The U.S. Department of Energy (DOE), the U.S. Department of Treasury, and the Internal Revenue Service (IRS) today announced $4 billion in tax credits for over 100 projects across 35 states to accelerate domestic clean energy manufacturing and reduce greenhouse gas emissions at industrial

As part of President Biden''s Investing in America agenda, the U.S. Department of Energy (DOE) announced over $444 million to support sixteen selected projects across twelve states that will fight climate change by bolstering the nation''s carbon management industry.

The 2012 global investment total for renewable energy (including small hydro-electric projects) was $244 billion. In previous years, global investments totaled $279 billion (2011), $227 billion (2010), $168 billion (2009), $172 billion (2008), $146 billion (2007) and $100 billion (2006). Renewable energies have rapidly become a vital part of

The financing for the three ERCOT projects includes: Rodeo Ranch Energy Storage (300 MW/600 MW/h): $212.2 million of tax equity financing from Foss & Company, as well as $276 million of

Ingka Group1, the largest IKEA retailer, announces in the run up to Earth Day that it will accelerate its investments in renewable energy by an additional 4 billion euro to support the transition towards a renewable energy future. The investment will support reducing the company''s climate footprint and a broader transition to a net-zero society.

Western Australia will retire its two state-owned coal power plants by 2030 and invest in renewable energy and energy storage. Western Australia invests A$3.8 billion to manage coal to renewables-plus-storage transition. By Andy Colthorpe. June 17, 2022 The A$3.8 billion investment – at present the figure is an estimate – will