Battery storage companies raised US$17 billion in corporate funding in 2021 but have raised US$12.9 billion already this year. 

A region of southern California desert has the potential to become the hub of a “world-class lithium industry”.

CATL has sold 900MWh of battery energy storage system (BESS) equipment to US independent power producer (IPP) Broad Reach Power. 

There was almost 1TW of renewable energy capacity and an estimated 427GW of storage active in US interconnection queues at the end of 2021.

Energy storage poised for “rapid growth” in US, with between 130GW to 680GW diurnal storage capable of integrating 80% share of renewables by 2050.

President Joe Biden’s recent invocation of the Defense Production Act of 1950 could help solve supply chain issues, but only over the longer term. 

Neoen has been contracted by AGL to provide a “virtual” charge or discharge of a battery system in Australia. 

SECI has launched a 500MW/1,000MWh pilot tender for standalone battery storage.

Facilities aimed at making products for the BESS industry announced by Turkey-headquartered Kontrolmatik and Ireland-headquartered Eaton.

Tesla’s Megapack as well as the company’s solar PV will power a Bitcoin mining facility in a proof of concept (POC) project in the US.