The Public Utility Commission of Texas has ordered the state’s grid operator ERCOT to rescind state-of-charge (SOC) rules requiring batteries to hold additional capacity to provide ancillary services.

UK-headquartered Zenobē Energy attracted the most venture capital (VC) funding of any company in the energy storage industry during 2023, as found by Mercom Capital.

Tesla’s energy storage and generation revenues have tripled since 2020, largely driven by deployments of Megapack battery storage systems.

Grenergy has signed a power purchase agreement (PPA) for the fourth phase of its Oasis de Atacama solar-plus-storage project in Chile.

Utility and independent power producer (IPP) Iberdrola will deploy battery energy storage system (BESS) projects in Spain adding up to 150MW/300MWh, to be co-located with existing PV plants.

Recurrent Energy, project development subsidiary of Canadian Solar, has secured a US$500 million equity investment from Blackrock.

New rules could open up Sweden’s flexibility services market but may also simply favour incumbents, Nordic flexibility services provider Flextools told Energy-Storage.news, discussing wider challenges to deployment.

European renewables developer and operator Low Carbon has reached financial close on a solar and storage portfolio in the UK, which includes 95MW of co-located 2-hour battery energy storage systems (BESS).

Energy-Storage.news Premium hears how LFP import duties could encourage domestic supply chains to help meet demand for BESS in Turkey.

Quantumscape is ‘not revealing a commercialisation roadmap for non-automotive applications’ for its solid state battery, it told Energy-Storage.news, while 24M Technologies gave us an update on its latest ‘SemiSolid’ battery product.