Residential energy storage startup Base Power has raised US$1 billion in Series C financing from venture capital fund Addition.

Chinese lithium-ion OEM Hithium will push forward with its planned IPO on the Hong Kong Stock Exchange (HKEX).

Queensland’s Energy Roadmap 2025 suggests that by 2030, up to 4.3GW of short-duration energy storage could be operational.

Honeywell, LS Electric, esVolta, Sitetracker, PairedPower, PHNXX, and Energy Toolbase are collaborating on new initiatives to advance energy storage installations across the US.

China-based inverter and BESS firm Sungrow has submitted its application for a Hong Kong Stock Exchange IPO, after a period of strong revenue growth.

Repurposing EV battery packs and modules into BESS obviously has environmental benefits, but challenges around pricing, performance and safety remain, panellists at an industry event in London said last week.

US utility Xcel Energy has proposed to build out a 200MW battery storage network across Minnesota, US.

The Philippines needs to establish clearly defined rules for the market participation of energy storage systems (ESS), the chair of the country’s regulator has said.

Lithium-ion OEM Hithium’s failed Hong Kong listing amidst a lawsuit from larger competitor CATL may point to wider industry trends, with an increasingly competitive and larger battery industry meaning ever higher stakes.

More than 30 stakeholder organisations in the US energy storage value chain have formed a new association to represent common interests.