French renewable energy company Voltalia has completed the expansion of a renewable energy plant in French Guiana, adding a battery energy storage system (BESS) of 10.6MWh.

Powin has ‘big plans’ in the balance-of-system space and could become ‘the biggest energy storage platform in the world’, president Anthony Carroll says.

Energy Vault secured 2.8GWh of project orders in the first quarter of 2023 and revealed that it has invested in Kore Power, the US lithium-ion battery and BESS firm, though booked revenues fell 75%.

Global battery storage system integrator Powin and recently-launched EPC firm Linxon have secured battery storage project contracts in ERCOT, Texas, totalling 400MWh and 200MWh respectively.

Conglomerate GE will provide six 37MW turbines for a pumped hydro energy storage plant in the Spanish overseas territory of Gran Canaria.

The Inflation Reduction Act could “suck the oxygen out” of the Latin American (LatAm) energy storage market, the CEO of pan-American energy storage firm On.Energy said.

Geothermal-based energy storage company EarthBridge Energy has secured land rights to deploy its technology in Texas.

The Ministry of Energy in Hungary will provide grants for the deployment of energy storage projects, with some 1GWh targeted by 2025.

Utility Xcel Energy has received a US$20 million grant commitment from VC firm Breakthrough Energy for projects using Form Energy’s iron-air battery, while a sodium ion battery firm has secured bridge financing.

Firm Frequency Response (FFR) auction prices in the UK have hit their lowest level since 2019 as market saturation begins to take effect, market analytics platform Modo Energy said.