Finland and California-based second life energy storage firms Cactos and Smartville Inc have raised nearly US$10 million to commercialise systems using repurposed Tesla EV batteries – we talk to both company founders.

Energy crisis resulted in high ancillary services revenues for battery storage, with some assets earning four times more than expected.

Rio Tinto has announced the latest steps in its plan to deploy 1GW of renewable energy for its operations in Pilbara, Australia.

Turkish company Kontrolmatik Technologies expects over US$900 million in incentives from the Inflation Reduction Act to 2032 for its US gigafactory, with Powin one of its first offtakers.

The Philippines Department of Energy (DOE) and regulators are considering changing rules governing ownership of grid-connected energy storage systems.

Subsidiary of Indian state-owned power company NTPC has invited bids to deploy battery storage at renewable energy park in Gujarat.

Utility Colbún has inaugurated a solar-plus-storage project with a 32MWh battery energy storage system in the Atacama region, the first of an 800MW deployment target.

UK government Department for Business, Energy and Industrial Strategy has provided US$39.67 million to five energy storage projects.

A UK company has received funding to explore potential sites in India for demonstration of its proprietary gravity energy storage technology.

Battery storage project will deliver nearly AU$10 million annual electricity system cost savings in Australia’s Northern Territory.