Energy Storage & Hydrogen News - January 19th, 2024

This week's TOP 5+1 features news on RedoxBlox’ and Northvolt’s securing respectively $25 million and $5 billion in funding to develop LDES technology (RedoxBlox), and manufacturing and recycling plants (Northvolt). It also provides insights on the current status of storage in European NECPs in regard to the energy transition, and on future BESS projects: a 2400MWh BESS of which the construction should start in 2024 in Belgium, and the 1.2GW BESS contract awarded to Greenvolt in the Poland capacity market auction. Concerning hydrogen, Germany and Czech Republic has teamed up to develop a cross-border infrastructure.

Top 5 Energy Storage news

1. RedoxBlox has secured $25 million funding from California Energy Commission and US Department of Energy for LDES technology development.

2. European National Energy and Climate Plans overlook the vital role of energy storage in the energy transition.

3. Giga Storage announced the construction of a 600MW/2,400MWh BESS in Belgium, starting in 2024.

4. IPP Greenvolt wins 1.2GW out of the total 1.7GW of BESS awarded contracts in Poland’s recent capacity market auction.

5. Northvolt has received a US$5 billion (€4.6 billion) non-recourse project financing package from various EU and Nordic institutions for its manufacturing and recycling plants.

+1 Hydrogen news

1. German federal state Saxony and Czech Republic has decided to team up to develop a cross-border hydrogen infrastructure