Power company AES Bulgaria has signed a non-binding memorandum of understanding (MoU) with the Bulgarian ministry of energy to assist the country in its decarbonisation transition.

The brother of the founder of the US’ largest homebuilder D R Horton has chosen Salient Energy’s zinc-ion battery storage system for installation in the 200,000 homes his company plans to build, saying that lithium-ion has “a lot of issues”.

Polarium, a Swedish manufacturer of lithium-ion based battery energy storage systems (BESS) technology, has been valued at over a billion dollars.

Zinc battery storage company Eos Energy Enterprises has secured a US$200 million investment commitment.

Tesla made 846MWh of battery energy storage system deployments in the first quarter of this year.

News in brief from around the world in energy storage.

Dynapower, a US manufacturer of energy storage and power conversion system equipment, will be acquired by Sensata, a maker of industrial sensors.

US commercial real estate firm Stream Realty Partners is partnering with independent power producer Catalyze to deploy over 450MW of solar and battery storage projects across its property portfolio.

Ongoing supply chain challenges and the impact of Russia’s war on Ukraine have affected the quarterly revenues of LG Energy Solution.

Volatility and demand for distributed energy solutions in Australia are among the motivations for UK’s GridBeyond to set up offices there.