The Emirati state-owned renewables developer Masdar has begun construction on a giant solar-plus-storage project in Abu Dhabi.

Energy trading company Foxwell Power (FWP) has contracted Saft to supply a battery storage solution for a 356MWh project in Taiwan.

Australia’s Cheaper Home Batteries Program has surpassed 100,000 installations, with households and small businesses now benefiting from subsidised battery installations totalling 2GWh of distributed energy storage capacity.

Energy Vault has acquired a 150MW battery energy storage system (BESS) in Texas. Meanwhile, Jupiter Power has entered an agreement with Austin Energy to provide 100MW of electricity from a BESS facility.

Redwood Materials has closed a US$350 million Series E funding round to scale up its critical battery materials and energy storage businesses.

San Diego Gas & Electric (SDG&E) is seeking regulatory approval to acquire an operational portion of a BESS facility located in Imperial County, California, from the US development arm of German multinational energy company RWE. 

New company Lunas Energy has launched an offer for solar PV plant operators in Spain to deploy BESS on their land, as the sector struggles with curtailment and negative pricing.

Peregrine Energy Solutions has secured US$130 million from investors including the South Korean Ministry of Environment.

Samsung C&T Renewable Energy Australia is seeking federal approval for a 200MW battery energy storage system (BESS) project located near Townsville, Queensland.

A pension fund will join the EBRD and EU Modernisation Fund in investing around €16 million (US$18.5 million) in a project on Croatia pairing large-scale BESS and a VPP.