Battery manufacturer LG Energy Solution has started construction on its gigafactory in Arizona, US, which will have 17GWh of production dedicated to the energy storage system (ESS) market.

The US government has announced US$4 billion in tax credits for over 100 projects under the Qualifying Advanced Energy Project Tax Credit (48C) scheme.

The European Commission has approved a €1 billion (US$1.1 billion) state aid measure for Greece to support two solar-plus-storage projects.

The BESS ‘land grab’ looks set to continue as Tier 2 companies vie for market share before countries potentially curb imports from China, with one developer suggesting the recent CATL-Duke Energy case will “not be unique”.

Belgium’s energy minister visited the site of a large-scale lithium-ion (Li-ion) battery storage project, a few days after attending the inauguration of a vanadium flow battery system.   

Optimisation company Flower has acquired a 42.5MW/42.5MWh BESS project from developer OX2 in Sweden, a milestone deal for both companies.

Investments totalling US$425 million combined have been secured by US storage and solar developer-operators Lightshift Energy and MN8 Energy.

California Public Utilities Commission has approved requests to allow solar and storage facilities to use Limited Generation Profiles (LGPs).

Big investments are being made into the battery recycling sector in Europe as the continent looks to increase the domestic supply of critical materials for its lithium-ion gigafactory projects.

The mayor of a town in Germany has allocated land at a former nuclear power plant site for a 120MW/280MWh BESS, after the government rejected plans to use it for storing nuclear waste.