US$380 million in support for long-duration energy storage projects in California has been included in the state’s budget for 2022-2023. 

LG Energy Solution will use proceeds from its initial public offering (IPO) this month to feed into growing the company’s manufacturing capacity significantly in Europe, the Americas and Asia.

Battery storage is begin assessed as a means to maximise the value of solar PV in Vietnam, with asset management group Dragon Capital having hired consultancy AqualisBraemar LOC Group (ABL Group) to conduct feasibility studies. 

FlexGen Power Systems will deploy 10 battery energy storage systems (BESS) for electric cooperatives in North Carolina, the energy storage technology provider and systems integrator’s home state. 

Chile has published details of its latest power auction set to take place later this year that will contract 5,250GWh per annum for 15 years.

A 1.5GW offshore wind power plant in South Korea will be paired with energy storage provided by so-called ‘next generation’ lithium-ion batteries.

Governor Kathy Hochul of New York has been applauded for recognising the importance of energy storage as a key technology for achieving climate, clean energy and economic growth goals.

Enel Green Power North America announced the completion of its first solar-storage hybrid project in the US shortly before the late December holiday period.

The US Department of Energy (DOE) established the Office of Clean Energy Demonstrations in late December, a new DOE office that will help deliver on President Joe Biden’s climate plans.

The first lithium-ion battery cells have been produced at Northvolt’s new gigafactory in Sweden and a UK sodium-ion battery startup has been acquired by the solar subsidiary of India’s Reliance Industries.