Swell Energy has raised US$120 million funding towards its 600MWh virtual power plant programme across the US.

Fenecon has begun construction of factory in Germany which will repurpose electric vehicle (EV) batteries into stationary storage systems.

Hyundai has begun offering home electrification equipment including EV charging solutions, battery energy storage and solar PV.

Could we start seeing ‘third life’ or even ‘fourth life’ energy storage, with EV batteries deployed in multiple different systems in their lifetime?

Invinity Energy Systems has sold 2.2MWh of vanadium redox flow batteries (VRFB) for use in Taiwan.

Gotion is in a joint venture (JV) building a lithium iron phosphate (LFP) cell gigafactory in Vietnam, targeting EV and ESS sectors.

Further attempts are being made to recall batteries thought to pose fire risk through overheating in Australia, with thousands of home energy storage systems believed to be affected.

Oslo-based second life battery storage solutions firm Evyon has raised €8 million (US$8.3 million) in a pre-Series A fundraising round, led by VC firm Sandwater.

Electriq Power looks set to become the latest in a series of SPAC listings in the energy storage sector, with the US home energy storage firm set to hit a US$495 million valuation.

Before the Inflation Reduction Act and Bipartisan Infrastructure Law, FERC Order 2222 was considered a big deal.