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The project aims to transform stretches of the Red Sea coast into a sustainable business, tourism and residential development. Image: Neom.

Sungrow awarded 600MWh BESS contract for Saudi Arabia’s ‘smart city’ Neom

December 15, 2022
During first China-Arab States Summit, Sungrow signed battery storage supply agreement for Saudi Arabia’s new ‘smart city’ megadevelopment.
Potomac Edison EV chargers at the project site. Image: Potomac Edison.

ROUNDUP: KEPCO flow batteries, Key Capture Energy launches bidding tool, Maryland BESS pilots

December 14, 2022
Another serving of news in brief from around the world in energy storage.
element energy second life kentucky warehouse recalled LG batteries battery recall

Element Energy closes Series B following 2.5GWh second life EV battery procurement

December 14, 2022
California-based firm Element Energy has raised a US$28 million Series B to accelerate its proprietary BMS-enhanced second life energy storage solution, with 2.5GWh of modules secured already.
Acciona Energia ERCOT Texas qcells

Acciona Energia buys 380MWh ERCOT battery storage project from Qcells

December 14, 2022
Spain-based renewable energy firm Acciona Energia has acquired a two-hour energy storage system in ERCOT, Texas, from Qcells.
European Commission delegation visiting a Fluence battery storage project in Lithuania. Image: Energy Cells via LinkedIn.

Fluence expects EBITDA breakeven in 2024, angles for IRA incentives with product strategy

December 14, 2022
Fluence said the company is on track to grow revenues by almost a third on “multi-year” basis, leading to breakeven EBITDA in 2024.
GE Hydro Solutions turbines at the Jinzhai project. Image: GE Renewable Energy.

GE Renewable Energy installs first turbines at 1.2GW China pumped hydro plant

December 14, 2022
The hydropower subsidiary of General Electric’s renewables business has installed first pair of 300MW turbines at pumped hydro site in China.
sungrow engie chile

Sungrow bags 638MWh order for liquid-cooled BESS from Engie Chile

December 13, 2022
Sungrow will provide a 638MWh liquid-cooled battery energy storage system (BESS) to Engie for a solar-plus-storage project in Chile.

NV Energy revealed as Energy Vault customer for 440MWh US battery storage order

December 13, 2022
Berkshire Hathaway-owned NV Energy has been revealed as the ‘large western utility’ that has ordered a 220MW/440MWh battery energy storage system (BESS) from Energy Vault.
Domestic and international battery manufacturers have been supported by the European Commission's European Battery Alliance to date, but the latest announcements aim to provide a framework to boost industrial competitiveness and accelerate the EU's energy transition. Pictured is a lithium battery cell produced in Sweden by Northvolt, a European startup supported by the Alliance. Image: Northvolt.

European Union in provisional agreement on recycling, carbon footprint regulations for batteries

December 13, 2022
Rules on battery sustainability, performance and labelling will become more stringent within the European Union (EU).
grid booster

Fluence earns US$1.2 billion revenues in 2022 and positive gross profit in fourth quarter

December 13, 2022
Fluence reported its highest quarterly and yearly revenues, forecasting adjusted gross profits of US$60 million to US$100 million for next year.

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Our Next Energy launches US-made ESS products, American Energy Storage Innovations winding down

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California BESS legislation update: Progress for pragmatic approaches, not for the extreme

California’s battery storage installations grow to almost 16GW

CBRE IM invests in Engie’s 2.4GW Texas and California BESS portfolio

Fluence grows US manufacturing footprint with Arizona factory opening

Commissioning begins on South Australia’s second-largest BESS

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