In Short : Terra One, a Germany-based energy storage startup, has secured €150 million (US $176 million) in mezzanine financing from Aviva Investors. The funding will support the rollout of 3 GWh battery energy storage projects. Founded in 2022, Terra One plans to commission 500 MW of systems by 2028, boosting Europe’s renewable energy flexibility […]
In Short : Flatiron Energy has raised $510 million to develop an 800 MWh battery storage project, boosting large-scale energy storage capacity. The project aims to enhance grid reliability, facilitate renewable energy integration, and provide continuous clean power. This funding reflects increasing investor confidence in energy storage technologies as essential solutions for advancing sustainable, low-carbon, […]
Pivot Power will collaborate with manufacture and system integrator redT on what is claimed to be the world’s first grid-scale hybrid battery energy storage project to use a combination of lithium-ion and vanadium technologies. Pivot Power is a relatively new company that has quickly risen to prominence in the UK over the past few months […]