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Funding boost for Australia’s first compressed air energy storage system

The Australian Renewable Energy Agency (ARENA) has approved A$6 million of funding for the country’s first compress air energy storage (CAES) project. US-firm Hydrostor will convert a disused zinc mine in South Australia into a below-ground air-storage cavern. The 5MW /10MWh demonstration plant will provide load shifting, frequency regulation and grid security. The Angas mine […]

Energy storage start-up Malta raises USD 50m