Delectrik Systems Pvt. Ltd. clinched a significant contract from NTPC''s NETRA division to install a 3 MWh Vanadium Redox Flow Battery (VRFB) based Battery Energy
The grants will support various projects, including the development of new waste management infrastructure, the generation of electricity from renewable sources, educational
hydrogen energy storage pumped storage hydropower gravitational energy storage compressed air energy storage thermal energy storage For more information about each, as well as the
The financing mechanisms for onsite renewable generation, energy storage, and energy eficiency projects include a spectrum of options ranging from traditional to specialized.
Similar to other renewable energy projects, the addition of construction bridge debt provides an additional source of capital to pay construction costs, but also adds complexity to the project financing of an
Vanadium redox flow battery (VRFB) energy storage systems have the advantages of flexible location, ensured safety, long durability, independent power and
Invinity will supply an 8.4MWh VRFB to a solar-plus-storage project in Alberta, Canada. It will be paired with a 21MW solar PV plant. Sumitomo installed a 51MWh VRFB in Hokkaido. This was
Both the US and global energy storage markets have experienced rapid growth over the last year and are expected to continue expanding. An estimated 650 gigawatts (GW) (or 1,877 gigawatt-hours) of new
Croatia plans to launch two solar tenders in 2025, according to the country''s indicative annual publication plan for the year, which is now available on the Ministry of Environmental Protection...
Learn all about project finance, key concepts, evolution, challenges, and future trends in the clean energy sector in this ultimate guide.
IRENA also released an Innovation Outlook on Thermal Energy Storage, further supporting advancements in this critical area. A strong outlook for 2025 In summary, the energy storage market in 2025 will be shaped by
Traditionally, battery energy storage system (BESS) and other similar projects have been either utility-owned, or underpinned by the existence of one or more long term offtake agreements.
A roundup of the biggest projects, financing and offtake deals in the energy storage sector that we have reported on this year. It''s been a positive year for energy storage
This program represents a significant opportunity for companies looking to invest in modern energy storage solutions, playing a key role in Croatia''s energy transition.
The rapid growth in the energy storage market continues to drive demand for project financing, and like any other project-financed asset class, lenders will analyze both the amount and
Sumitomo Electric Develops Advanced Vanadium Redox Flow Battery – Unveiled at Energy Storage North America Sumitomo Electric is excited to announce the introduction of its advanced vanadium redox flow battery
Driven by the energy transition, an increasing portion of our energy is coming from renewable sources. As the renewable energy market expands, so do opportunities for improvement and investment. One growing
Largescale projects like the Australian-based Stratex VRFB Project demonstrate progress but remain insufficient to bridge the projected 30,000-ton annual deficit by 2030 for
Solar Infrastructure Croatia takes center stage at Solar Flex 2025, uniting experts to tackle grid, policy, and tech challenges—join the movement for a solar future!
Invinity Energy Systems believes partnering with a Chinese materials and manufacturing company will enable significant cost reduction of its vanadium redox flow battery
The next big challenge for energy storage, after bringing down the cost so that storage is economic and finding a suitable business model, is financing. There are two ways to
Energy storage is a process by which energy created at one time is preserved for use at another time, with a focus on electrical energy Electrical energy by its very nature cannot be stored in
IRENA also released an Innovation Outlook on Thermal Energy Storage, further supporting advancements in this critical area. A strong outlook for 2025 In summary, the
Discover Sumitomo Electric''s advanced Vanadium Redox Flow Battery (VRFB) technology - a sustainable energy storage solution designed for grid-scale applications. Our innovative VRFB systems offer reliable, long-duration energy
April 3, 2025 Why Vanadium? The Superior Choice for Large-Scale Energy Storage As renewable energy adoption continues to grow, so does the demand for reliable, long-duration energy storage solutions. Vanadium Redox Flow
Sumitomo Electric''s utility-scale vanadium redox flow battery energy storage system. Photo by Dylan Cutler, NREL NREL collaborated with Sumitomo Electric to provide
VRFB have seen an increase in announced projects and funding in recent years. South Korea-based H2, Inc will deploy a 1.1MW/8.8MWh vanadium flow battery (VFB) in a project commissioned by the government
Energy Storage Financing The Energy Storage Financing study series is an outreach effort to the financial industry to help reduce and mitigate the risk of investing in energy storage
The Croatian Government plans to allocate 651.8 million euros in grants in 2025 to support green transition initiatives, focusing on renewable energy and energy storage projects.
Delectrik Systems Pvt. Ltd. has bagged a tender from NTPC for its NETRA division (NTPC Energy Technology Research Alliance) to deploy a 3 MWh Vanadium Redox
E22''s vanadium flow battery installation for Bharat Heavy Electrical in Gujarat, installed in 2022. Image: E22 NTPC, India''s biggest electric power utility with a 76GW generation fleet, has opened a tender for a long
California''s largest VRFB project to date, supplied by Japan''s Sumitomo Electric Industries (SEI), has been participating in wholesale market opportunities since 2018. Image: SDG&E / Ted Walton. Four new grid-scale
To finance this increased ambition, Croatia has asked for a share of its Brexit Adjustment Reserve to be transferred to the plan, amounting to €7.2 million. These funds would be added to Croatia’s REPowerEU grant of €269 million. Key measures for REPowerEU
€728 million will be invested in sustainable mobility, notably in upgrading railway lines, autonomous electric taxis with supporting infrastructure adapted for people with disabilities, installing charging stations for electric vehicles and introducing zero-emission vehicles and vessels.
Key challenges for Croatia’s economy include low employment and activity rates, burdensome and complex business environment, low efficiency and high fragmentation of public administration, judiciary, fragmented and ineffective social protection system and the low quality of education. These challenges weigh on potential growth and employment.
