Hyperstrong, the largest BESS system integrator in China, is targeting the US energy storage market after becoming one of the largest providers globally.

Battery manufacturer LG Energy Solution has started construction on its gigafactory in Arizona, US, which will have 17GWh of production dedicated to the energy storage system (ESS) market.

The US government has announced US$4 billion in tax credits for over 100 projects under the Qualifying Advanced Energy Project Tax Credit (48C) scheme.

The European Commission has approved a €1 billion (US$1.1 billion) state aid measure for Greece to support two solar-plus-storage projects.

The BESS ‘land grab’ looks set to continue as Tier 2 companies vie for market share before countries potentially curb imports from China, with one developer suggesting the recent CATL-Duke Energy case will “not be unique”.

Belgium’s energy minister visited the site of a large-scale lithium-ion (Li-ion) battery storage project, a few days after attending the inauguration of a vanadium flow battery system.   

Optimisation company Flower has acquired a 42.5MW/42.5MWh BESS project from developer OX2 in Sweden, a milestone deal for both companies.

The Department of Mineral Resources and Energy (DMRE) of South Africa has opened the third bid window for its Battery Energy Storage IPP Procurement Programme (BESIPPPP), while also revealing the fifth and final winner from the first window.

Investments totalling US$425 million combined have been secured by US storage and solar developer-operators Lightshift Energy and MN8 Energy.

A regional council in Germany has given the go-ahead for transmission system operator (TSO) TransnetBW’s 250MW Grid Booster BESS project, which will be provided by system integrator Fluence.