UK government Department for Business, Energy and Industrial Strategy has provided US$39.67 million to five energy storage projects.

Bushveld Minerals is restructuring its investment in vanadium redox flow battery (VRFB) firm CellCube, increasing it slightly to 27.6%, as part of its own energy storage business carve-out.

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CellCube and North Harbour Clean Energy in talks to build factory in Australia with 1GW/8GWh annual production capacity.

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.