Energy storage system and services firm Stem Inc grew revenues to US$93 million in the second quarter of 2023, and reduced its EBITDA loss by 15% to US$8.5 milllion.

Mobile energy storage firm Nomad has won a US$9.5 million DOE grant to deploy its product in rural communities in Vermont, US.

Developer Quartux and global inverter and energy storage technology firm Sungrow have completed a 25MWh project in Mexico, one of the largest in the country.

A battery energy storage system (BESS) project using sodium-ion technology has entered commercial operation in Qingdao, China.

Zinc battery firm Eos Energy Enterprises has responded to a short seller note which saw its share price nearly halve on Thursday last week.

Li-Cycle, a North America-based company focused on lithium-ion battery recycling, has opened a black mass production facility in Germany.

Energy Vault has started commissioning its first commercial EVx gravity energy storage project in Rudong, China.

Japanese conglomerate Marubeni has acquired a 25MW wind and energy storage project in Wales, UK, from developer RES.

Germany-based flow battery company VoltStorage has been granted a venture debt loan of €30 million (US$33 million) by the European Investment Bank (EIB), guaranteed by the European Commission.

US developer Broad Reach Power has closed US$435 million in financing to start construction on 880MW of battery storage projects in the CAISO and ERCOT markets, for 2023/24 commissioning.