Europe needs to act now to prevent an outflow of investment from its burgeoning battery manufacturing ecosystem in light of the US’ Inflation Reduction Act, the EU-founded European Battery Alliance (EBA) has said.

Gotion High-Tech aims to build gigafactory in Thailand targeting the electric vehicle (EV) and stationary storage markets.

Uptick in energy storage investment in region still largely powered by coal, experiencing population and energy demand growth.

The US industry deployed more than 5GWh of energy storage in the third quarter of 2022, close to half the entire amount of storage installed in the country in 2021.

Battery storage developer Spearmint Energy has started building a 150MW/300MWh unit in the ERCOT, Texas market, its first project.

In the past few days, EU policymakers have made decisions on key aspects of legislation that have been welcomed by industry group EASE.

South Africa’s grid operator Eskom has issued a procurement notice for two grid-scale battery projects totalling 36MW/146MWh of energy storage, while the state-owned company’s CEO resigned this week.

RWE has unveiled plans for an up to 600MW solar development on land in in northern England.

During first China-Arab States Summit, Sungrow signed battery storage supply agreement for Saudi Arabia’s new ‘smart city’ megadevelopment.

Another serving of news in brief from around the world in energy storage.