NHOA Energy’s EBITDA for H1 2023 dropped by 38.8% year-on-year to €1.11 million (US$1.23 million) but the company expected the EBITDA for 2023 to reach up to €10 million.

Spearmint Energy is nearing the completion of its first project, a 150MW/300MWh battery storage system in Texas using Sungrow BESS equipment.

The US Department of Energy will commit US$30 million in new awards and funding opportunities for energy storage solutions.

More and more Authorities Having Jurisdiction (AHJ) over where energy storage systems get built are requiring battery storage projects to have active means of protection against potential explosion.

Ireland-headquartered long-duration energy storage (LDES) company Corre Energy has acquired its first in-development project in the US.

Battery energy storage system (BESS) developer Field has received a £200 million (US$257.96 million) investment from DIF Capital Partners.

Californian investor-owned utility (IOU) San Diego Gas & Electric (SDG&E) is seeking tax credits under the Inflation Reduction Act (IRA) for its upcoming energy storage projects, which it said would enable it to reduce electricity rates for its customers.

The US Department of Energy has identified 1,800 sites in Alaska that could be suitable for new pumped hydro energy storage systems.

The government of Spain is launching €280 million (US$310 million) in grants for standalone energy storage projects, thermal energy storage and reversible pumped hydro to go online in 2026.

State-sponsored investment fund NY Green Bank, will lend US$25 million to NineDot Energy, a developer of energy storage systems in New York.