A massive 1 GWh battery is currently under construction outside Columbus, Ohio, as reported by Electrek. This project aims to meet the rapidly increasing electricity demand in the area, driven by the growth of data centers and industrial development. The battery will be the largest in the PJM grid, which serves over 65 million people across 13 states. This development highlights the growing importance of energy storage in meeting peak demand and ensuring grid stability.

Mirattery, the battery operator of Chinese electric vehicle manufacturer Nio, is expanding its securitization efforts with the introduction of new real estate investment trusts (REITs), according to CnEVPost. This move allows Mirattery to further diversify its financing channels and potentially attract more investors. Securitization can provide a more stable and predictable revenue stream for companies like Mirattery, which is crucial for the development and operation of large-scale battery assets.

US startup Antora Energy has secured $550 million in funding to scale up its 'Hot Blocks' thermal energy storage technology, as reported by CleanTechnica. This technology utilizes carbon blocks to store thermal energy, which can then be used to generate electricity. The investment will help Antora Energy to further develop and commercialize its innovative energy storage solution, potentially disrupting the traditional fossil fuel-based energy sector.