Aries Grid is a lithium iron phosphate battery designed for long-duration energy storage systems.
Also on the rise: Innovations in long-duration energy storage. Illinois utility to double its community solar capacity this year. And more.
Long-duration energy storage (LDES) is essential for decarbonizing the grid but gigawatt-hour scale systems continue to be tricky for companies with big ideas.
The U.S. Inflation Reduction Act (IRA) is set to ignite the energy storage market in 2024, as analysts expect up to 65 GW/260 GWh of projects through 2026. The outlook is for battery project sizes to increase as the pipeline takes shape.
Two renewable energy storing 10 MW / 1,000 MWh batteries will be installed by Form Energy on former Xcel Energy coal fired plants.
Also on the rise: Long Duration Energy Storage funding opportunity for up to $350 million. Longroad Energy begins construction on what will be the largest solar facility in Maine. And more.
U.S. Department of Energy announced a funding opportunity for demonstration projects capable of delivering electricity for 10 to 24 hours or more.
The microgrid helps the utility achieve goals laid out in the Michigan Department of Environment’s Energy Storage Roadmap to spur installation of 1 GW of energy storage projects by 2025 and 4 GW by 2040.
The solar-plus-storage microgrid is the first project to receive funding from the California Energy Commission’s $140 million Long-Duration Energy Storage Program.
Boston, Massachusetts startup Form Energy announced the Series E financing round.
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