President Biden signed the Inflation Reduction Act yesterday, bringing with it measures expected to boost prospects for energy storage.

On.Energy has raised US$100 million in project financing from UK fund SDCL Energy Efficiency Income Trust plc (SEEIT) for its US and Canada energy storage project deployments.

Gravity-based energy storage company Energy Vault will deliver and optimise battery energy storage systems (BESS) totalling 220MWh for developer Jupiter Power in Texas and California.

Chilean utility Colbún has submitted plans for a solar-plus-storage project with a 1.2GWh battery energy storage system (BESS)

A real estate and infrastructure investment arm of BlackRock has committed to investing US$700 million into Akaysha Energy’s pipeline.

European gigafactory group FREYR’s new technology resources campus and business unit in Japan could see it partner with companies in addition to existing technology provider 24M, CEO Tom Jensen told Energy-Storage.news.

Vehicle-to-grid (V2G) company Nuvve grew its MW under management by 10% in quarter two 2022 and is eying applications for school buses and the marine sector.

The electricity board of the Indian state of Gujarat is tendering for 500MW/1,000MWh of standalone battery energy storage systems (BESS).

California investor-owned utility SDG&E has chosen Mitsubishi Power as supplier of battery storage to four microgrids in its service area.

ESS Inc has recognised revenues for the first time since publicly listing, while closing in on a 750MWh targeted annual production capacity.