Company valuations and developer premiums for project sales have come down in the UK market amidst rising financing costs and plummeting revenues.

Enervenue, the US company commercialising technology adapted from nickel-hydrogen batteries used in space exploration, has signed a three-year Master Supply Agreement (MSA) with a customer in Brazil.

Developer Solvent Energy is talking to investment bankers with a view to selling some of a 2GW portfolio of battery energy storage system (BESS) projects in ERCOT, Texas.

Cumulative energy storage installations will go beyond the terawatt-hour mark globally before 2030 excluding pumped hydro, with lithium-ion batteries providing most of that capacity, according to new forecasts.

Siemens Energy will provide the technology for a project in Ireland combining a synchronous condenser and a battery energy storage system (BESS) of 160MWh.

Energy storage system (ESS) executives from Northvolt and Fluence discussed the battery and battery storage manufacturing ecosystem in Europe in separate interviews whilst at the Energy Storage Summit Central Eastern Europe (CEE) recently.

BESS developer and operator Plus Power has completed a US$1.8 billion financing for five projects in Arizona and Texas, including over US$400 million in tax equity and US$700 million for a single standalone project, the largest to-date.

UK battery storage investor Harmony Energy Income Trust (HEIT) has energised two grid-scale battery energy storage system (BESS) assets, including one of the same size as its flagship ‘largest BESS project in Europe’.

Falling cryptocurrency prices have led to a crypto mine developer to propose a battery storage facility in the city of Corpus Christi, Texas.

Legislation that requires battery storage facilities to put in place safety and communication protocols has been signed into law.