VoltStorage, a developer and maker of energy storage systems using vanadium flow batteries, has raised €24 million (US$24.3 million) in a Series C.

Hopes have been raised once again that US lawmakers could introduce an investment tax credit for energy storage.

Renewable energy company Statkraft participated in what it says was the largest dispatch of energy from battery storage to the Ireland grid to-date, on July 14th.

Another edition of our news in brief from the energy storage industry focusing on the bustling UK market.

Hornsdale Power Reserve battery storage system in South Australia now has upgraded capabilities, enabling it to provide inertia to the grid.

Startup Group1 is seeking to commercialise cathode materials for potassium-ion batteries, a world-first, while Northvolt is seeking to build batteries using a tree-derived carbon material lignin.

Recently-formed company Proteus Power plans to develop and build over 3GW of solar, wind and battery energy storage projects in North America.

Some 5GWh of utility-scale battery energy storage was deployed in the first half of 2022, up one third while wind and solar fell 50-70%, according to American Clean Power (ACP).

LG Energy Solution has seen a drop in its profitability which according to the company’s CFO was largely caused by industry headwinds.

Stakeholders have a few days left to take part in a survey on lithium-ion based battery storage system safety.