June 8 (Renewables Now) - Italian long-duration energy storage provider Energy Dome SpA has successfully launched its first facility utilising the CO2 Battery technology and has therefore entered the commercial scaling phase.
Located in Sardinia, the CO2 Battery demonstration facility relies on off-the-shelf equipment available from a globally established supply chain, the company noted. Its initial phase of operations has confirmed the performance of the facility and its capability of storing energy for a long duration.
The company is now getting ready to deploy its first full-scale 20-MW/200-MWh plant by the end of next year. It has already landed several commercial agreements, including with local utility A2A, and has a non-exclusive license deal with Ansaldo Energia to build facilities in Italy, Germany, the Middle East and Africa.
Energy Dome plans a Series B fundraising round to raise capital for the rapid commercial scale-up. The firm is already backed by the likes of 360 Capital, Barclays, Novum Capital Partners and Third Derivative.
According to Energy Dome, its batteries use readily available materials and can be quickly deployed anywhere around the globe at less than half the cost of similar-sized lithium-ion battery storage facilities.