November 30 (Renewables Now) – Energy Dome SpA announced on Tuesday that it has closed a funding round securing USD 11 million (EUR 9.7m) to finalise the construction of a demonstration 2.5-MW/4-MWh carbon dioxide (CO2) battery storage project in Sardinia and to speed up business growth.In addition to the fundraising, Energy Dome has also signed a memorandum of understanding (MoU) with strategic investor A2A SpA (BIT:A2A) to build an inaugural 100-MWh, grid-connected commercial CO2 battery facility which will boost the use of renewables in the energy mix and enhance energy storage for the grid.Founded in 2019, the Milan-based start-up has developed technology that stores CO2 in an inflatable dome and uses it as a working fluid in a closed-loop cycle that transforms it from gas to liquid and back to gas. This can…
Energy Dome secures funding, partner for new CO2 energy storage projects
