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    1. Used EV batteries for large scale solar energy storage

      Used EV batteries for large scale solar energy storage

      MIT scientists have suggested used electric vehicle batteries could offer a more viable business case than purpose-built systems for the storage of grid scale solar power in California. Such ‘second life’ EV batteries, may cost only 60% of their original purchase price to deploy and can be effectively aggregated for industrial scale storage even if they have declined to 80% of their original capacity.

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    2. Hydrostor Secures Financing to Complete Australia's First Compressed Air Storage Facility

      Hydrostor Secures Financing to Complete Australia's First Compressed Air Storage Facility

      Canada’s Hydrostor has closed US$37 million in growth financing. The company plans to use the funding to complete construction of the 5 MW/10 MWh Angas Project in South Australia and to advance its 2 GW pipeline of large-scale advanced compressed air energy storage projects.

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      Mentions: Australia U.S. Chile
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