Form Energy Raises $40M Series B for Super-Long-Duration Grid Storage

Italy’s Eni joins list of heavyweight backers as Massachusetts-based Form looks to unlock “baseload renewables.” Long-duration storage startup Form Energy thought that solving the problem of months-long grid storage would take a decade. But its last year of work advanced faster than expected. Based on that progress, the team of industry veterans has fast-tracked development […]

GlidePath Took on Storage in Texas. Now It Wants to Add Batteries to Wind

Quinbrook-backed developer will fill batteries with wind power during times of negative pricing in the Southwest Power Pool. Batteries paired with solar plants have gained momentum in sunny locales, but a market for shifting wind generation using battery storage has so far failed to materialize. Developer GlidePath Power Solutions, however, sees a path forward for […]

California Proposes $100M in Energy Storage Incentives to Boost Wildfire Resiliency

An incentive carve-out for high-fire-risk areas could boost uptake among customers most likely to want solar-storage systems. California regulators want to direct $100 million in state energy storage incentives to a new class of disadvantaged customers: those living in parts of the state at the highest risk of deadly wildfires. The California Public Utilities Commission […]

Indian Oil will soon announce its foray in energy storage: S S V Ramakumar, Director, R&D

“We are working on improving the efficiency of a lead-acid battery and some new generation India-centric chemistries” Indian Oil Corporation (IOC) is close to announcing its foray in energy storage batteries, S S V Ramakumar, director (research and development) tells ETEnergyWorldin an interview. He elaborated on the company’s plans to set-up three ethanol producing facilities at the Panipat refinery, an […]