Chinese industrial automation and power technology firm Inovance Technology has filed its prospectus with the Hong Kong Stock Exchange, planning to raise around US$2 billion (RMB 13.7 billion) following strong growth in its energy storage business.
The Japanese association of grid operators has selected 19 battery storage projects totalling 1,251MW in the third running of a national capacity market auction.
Swedish independent power producer (IPP) OX2 has confirmed it has started construction activities at the 100MW/300MWh Muswellbrook solar-plus-storage site in New South Wales (NSW), Australia.
Spanish developer and independent power producer (IPP) Zelestra has energised its 1GWh battery energy storage system (BESS) in the Atacama Desert in Chile.
Long-duration energy storage (LDES) developer-operator Hydrostor intends to enter its compressed air storage project into Ontario, Canada’s recently announced LDES procurement.
A total of 4.5GW/12.8GWh of large-scale BESS capacity when into operation around the world last month, with Asia and South America showing strong figures.