ILOS Projects has secured a €500 million (US$531 million) structured finance facility from global energy and infrastructure investor EIG.

Australian energy ministers’ agreement to tender for renewable energy and energy storage is a “major breakthrough in federal policy”.

The average cost of a data breach in the energy industry is US$6.39 million for a single incident, according to research published by IBM.

Europe needs to act now to prevent an outflow of investment from its burgeoning battery manufacturing ecosystem in light of the US’ Inflation Reduction Act, the EU-founded European Battery Alliance (EBA) has said.

Gotion High-Tech aims to build gigafactory in Thailand targeting the electric vehicle (EV) and stationary storage markets.

New South Wales has pledged financial support to pumped hydro project, while state’s first grid-scale BESS is in full commercial operations.

Uptick in energy storage investment in region still largely powered by coal, experiencing population and energy demand growth.

The US industry deployed more than 5GWh of energy storage in the third quarter of 2022, close to half the entire amount of storage installed in the country in 2021.

Battery storage developer Spearmint Energy has started building a 150MW/300MWh unit in the ERCOT, Texas market, its first project.

In the past few days, EU policymakers have made decisions on key aspects of legislation that have been welcomed by industry group EASE.