Developer Jupiter Power has announced US$70.4 million in loan financing for two battery storage projects in ERCOT, Texas, arranged by First Citizens Bank.

The commercial manager for Balance Power, one of two UK developers to have announced project approvals this week, has questioned whether the market standard 2-hour duration is enough for net zero.

The closure of UK battery storage specialist EPC and independent connection provider (ICP) firm G2 Energy has been confirmed by Companies House, with a senior manager describing “unsympathetic clients” in comments given to Energy-Storage.news and that the bulk of the team is joining outsourcing giant Mitie.

System integrator Eco Stor is planning to build a 300MW/600MWh battery energy storage system (BESS) in Saxony-Anhalt, Germany, one of the largest projects in Europe.

US developer D. E. Shaw has broken ground on a 200MW solar, 100MW battery storage project in New Mexico, set to come online in 2024.

California has passed 5GW of grid-scale battery storage energy storage (BESS) projects, grid operator CAISO has revealed.

Europe saw an 83% increase in residential battery installations in 2022, according to research firm LCP-Delta.

A seven-year observation of a vanadium flow battery in California from Sumitomo Electric has been completed, while US lab PNNL has found an alternative, food-based electrolyte which it said boosted capacity and longevity.

Lithium-ion battery and energy storage system (ESS) manufacturer Microvast has announced plans to set up an ESS manufacturing plant in Colorado, US, which will be operational this year.

New company Allye Energy has raised £900k (US$1.1 million) to scale up production of its mobile battery energy storage system (BESS) using second life EV batteries.