US-based startups Torus and Alysm Energy have raised a combined US$145 million to scale up their non-lithium energy storage technology businesses.

The government of Estonia has signed a Memorandum of Understanding (MoU) for what would be the Eastern European country’s first pumped hydro energy storage (PHES) facility.

Gas and geothermal plant operator Calpine Corporation will bring 510MW of its 680MW capacity battery energy storage system (BESS) project in California online in summer 2024, with BYD battery units.

Developer Monsson Group and system integrator Prime Batteries Technology have inaugurated a 6MW/24MWh battery energy storage system (BESS) in Romania, the country’s largest.

The government of Alberta, Canada, has selected advanced and clean energy projects to receive CA$33.7 million (US$24.83 million) in grant funding, including a hydroelectric-plus-supercapacitor technology pilot.

This Friday Briefing discusses energy storage companies getting new ownership, and how the right owners or investors bring a ‘synergy advantage’.

Developer Elements Green has secured preliminary planning approval for a 400MW battery energy storage system (BESS) project in Germany.

Hyperstrong, the largest BESS system integrator in China, is targeting the US energy storage market after becoming one of the largest providers globally.

Battery manufacturer LG Energy Solution has started construction on its gigafactory in Arizona, US, which will have 17GWh of production dedicated to the energy storage system (ESS) market.

The US government has announced US$4 billion in tax credits for over 100 projects under the Qualifying Advanced Energy Project Tax Credit (48C) scheme.