Vertically integrated US energy storage company Kore Power has received a conditional commitment from the US Department of Energy (DOE) for a $850 million loan for its Arizona gigafactory.

The European Commission has given the go-ahead to a €150 million (US$160 million) state aid scheme for renewable energy and energy storage in Slovenia.

Developer Key Capture Energy has inaugurated a 20MW/45.6MWh battery energy storage system (BESS), its largest one in New York to-date.

Financial performance will ultimately determine the success of AI-based battery storage optimisation platforms, Gridmatic told Energy-Storage.news in response to recent comments from one developer.

In a big week for the grid-scale energy storage market in Italy, regulators have approved new grid storage-specific auction rules and a chunk of Aura Power’s 500MW-plus pipeline of BESS projects.

The government of Spain is launching €160 million (US$170 million) in grants for energy storage projects, aiming to fund 600MW of projects to go online in 2026.

Eni Plenitude, part of the large oil and gas major Eni, has put into operation a 15MW/9MWh battery storage unit in Italy.

Dutch utility Eneco is planning a 50MW/200MWh battery storage project in Belgium for commissioning next year, and called for more policy action on storage from its own government in the Netherlands.

Investors Harmony Energy and JLEN have energised battery storage projects in the UK, while the government is considering a VAT exemption for home battery storage.

The government of Chile will launch a bill this year to procure large-scale energy storage systems for commissioning in 2026 totalling US$2 billion of investment, on top of 5GWh already being sought for 2027-28.