With nearly half of global emissions coming from heat processes, clean long duration energy storage (LDES) which can store thermal energy are crucial for decarbonisation, says a new LDES Council report.

Riyadh-based Tdafoq Energy will distribute Indian firm Delectrik Systems’ vanadium redox flow battery products in Gulf Cooperation Council (GCC) markets and set up a manufacturing facility in Saudi Arabia.

More corporate funding went into energy storage companies in the first nine months of 2022 than in the entirety of last year.

Solar energy companby KarmSolar has secured US$2.4 million in bank financing for a solar-plus-storage project in Egypt.

Tunisian utility STEG is planning to build a 400-600MW pumped hydro energy storage plant, for a 2029 commissioning date.

The African Development Bank (AfDB) has approved a grant of a grant of US$2.5 million to the government of Mozambique for feasibility studies into a floating solar PV farm and up to 10 energy storage systems.

A roundup of energy storage news from Europe and South Africa, with Neoen, RWE and Bushveld / CellCube announcing major projects.

Long duration energy storage technologies like flow batteries, compressed air or gravity-based solutions look set to enter the market at scale in the second half of the 2030s, according to the DNV Energy Transition Outlook.

The US and the European Union have made a fresh pledge to support green energy in Africa.

Any new energy technology asset class comes with risk that needs to be recognised, write Liam McEneaney and Daniel Stevens at AXIS Insurance.