Daily Debrief

Quaise Energy, an MIT Energy Initiative (MITEI) spinout developing drilling technology to access superhot geothermal energy, raised $180 million in a series B round of venture capital, bringing the company’s total funding to $280 million. This new investment will fund the company’s Project Obsidian, a commercial superhot geothermal plant that Quaise is building near the… Read more

Inertia could provide a strong boost to BESS project returns in Germany, but operators are still waiting for the first prequalified inverters.

The European Commission’s late approval of Germany’s capacity market auctions leaves no room for public scrutiny, according to environmental law charity ClientEarth.

Anza Power has signed a tolling agreement with Amazon Australia for the 50MW/200MWh Bairnsdale BESS in East Gippsland, Victoria.

Bulgaria now has a world-leading amount of battery storage capacity relative to energy system despite a period of political turnover, although those assets are now cannibalising the revenues which attracted investment in the first place.

Developer-operator MN8 Energy, zinc hybrid cathode battery and storage system maker Eos Energy Enterprises, and tech giant Google are backing a multi-technology renewables project on the PJM grid in the US.