The investment is planned to support development and construction of Hydrostor’s 1.1 GW, 8.7 GWh of Advanced Compressed Air Energy Storage projects that are well underway in California and Australia, and help expand Hydrostor’s project development pipeline globally.
The company worked with PVEL and NREL to test and validate its free design product.
Also starting up: Aussie startup claims a 25.54% silicon cell efficiency record, and Energy Vault exits startup status with a $1 billion offer.
The company will use the funds to expand its team, as it looks to show off the innovation of its cell-level battery management system and inverter technology.
The improvements are believed to stem from lower temperatures on the green roof.
It’s a breakthrough so simple that the Australian patent office needed convincing it counted as an invention.
Researchers developed a silicon heterojunction solar cell based on p-type gallium-doped wafers that they said has an efficiency of 22.6% and improved stability.
Novonix plans to retrofit a Chattanooga, Tennessee General Electric plant to produce 8,000 tons of anode materials annually for electric vehicle batteries and energy storage systems.
Full-year revenues nudged up despite tough comparisons with the end of 2019 for the final quarter of last year. The inverter maker expects to log revenues of $385-405 million in the current three-month window.
Australian researchers said that oOff-river” pumped-hydro is not only able to overcome the typical topographical issues of conventional pumped-hydro but also is cheaper.
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