SolarEdge has closed its utility-scale battery storage division, resulting in a layoff of roughly 12% of its total workforce.

A consortium of development finance institutions led by the Asian Development Bank (ADB) and IPP Gulf Energy have signed a US$820 million loan agreement for a solar and storage portfolio in Thailand.

A resolution aimed at rescinding access to the 45X manufacturing tax credit for companies with links to ‘adversarial foreign governments’, primarily China, has been submitted in the US House of Representatives.

The 1,680MWh Waratah Super Battery, which completed its energisation in early September, was called upon yesterday (27 November) to prevent widespread blackouts in New South Wales, Australia.

Donald Trump has threatened to impose additional 10% tariffs on all goods from China once he takes office, which would compound existing tariffs the BESS industry already has to deal with.

Chinese EV giant BYD has launched what an executive claimed is the ‘world’s first high-performance’ sodium-ion BESS product, using its proprietary form factor Long Blade Battery cell.

Fluence has ‘met or exceeded’ its financial guidance metrics for its 2024 fiscal year and expects to see ‘significant growth’ in its FY2025.

Callum McGuinn, partner at European intellectual property (IP) firm Mewburn Ellis, rounds up the major advancements in battery cell technology that BESS industry sources should be aware of.

State-owned energy company Synergy has completed construction of its 200MW/800MWh Kwinana battery BESS in Western Australia.

Multinational utility and IPP Engie, has penned a virtual battery offtake agreement with developer Neoen for a portion of its Victorian Big Battery.