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Automated analysis of power industry news, curated for developers and large loads.

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Energy Storage News•about 1 month ago

•Gore Street Capital has launched a new fund (GS EU Fund SCSp) specifically for battery storage investments across the European Union, indicating a significant influx of capital into the sector.
•The fund's first close signals increased development opportunities for battery storage projects, particularly within the EU market.
•The article highlights 'improved economics of Long-Duration Energy Storage (LDES),' suggesting a more favorable investment climate and potential for greater grid stability and reliability, which benefits developers and large power consumers.

financing

CleanTechnica•about 1 month ago

•Sage Geosystems secured over $97 million in Series B funding, co-led by Ormat Technologies and Carbon Direct Capital, to deploy its first commercial Pressure Geothermal power generation facility.
•This funding enables the development of a novel, next-generation geothermal power and energy storage solution, offering a new source of firm, dispatchable renewable energy.
•The project represents the 'world's first commercial Pressure Geothermal facility,' indicating a significant advancement in geothermal technology that could provide reliable baseload power for developers and large power consumers.

financing

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