Australia’s energy storage sector has seen trio of significant announcements around major battery energy storage system (BESS) projects.

US vehicle-to-grid (V2G) technology company Nuvve has entered a strategic partnership with Chinese battery and energy storage solutions manufacturer Guangzhou Great Power.

Wärtsilä’s Q1 net sales in its energy storage and optimisation (ES&O) business division fell 75% year-on-year, with revenues to be recognised as projects move toward completion later in the year.  

US-headquartered battery storage system integrator Powin Energy has signed a 12GWh cell supply agreement with Chinese battery maker REPT Battero.

Developers Agilitas Energy and On.Energy have raised a total US$125 million in debt financing towards solar, energy storage and hybrid solar-plus-storage projects in the US.

UK-headquartered battery storage investor-developer Gore Street is using battery data analytics solutions to manage risk and get improved insurance terms on projects in its portfolio.

RayGen, a startup developing long-duration energy storage (LDES) technology designed for pairing with renewable energy installations, has raised investment to kick off a Series D funding round.

California now has more than 10GW of battery storage, with Governor Gavin Newsom hailing the state’s “energy storage revolution,” which is underway.

This Friday Briefing looks at the battery manufacturing race that Europe and the US are set to get into, with both currently trailing far behind leader China.

Tesla made ‘all-time high’ energy storage deployments in the first quarter of this year, ‘leading to record profitability’ for its energy business line, CEO Elon Musk has said this week.