During first China-Arab States Summit, Sungrow signed battery storage supply agreement for Saudi Arabia’s new ‘smart city’ megadevelopment.

Another serving of news in brief from around the world in energy storage.

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.

Spain-based renewable energy firm Acciona Energia has acquired a two-hour energy storage system in ERCOT, Texas, from Qcells.

Fluence said the company is on track to grow revenues by almost a third on “multi-year” basis, leading to breakeven EBITDA in 2024.

The hydropower subsidiary of General Electric’s renewables business has installed first pair of 300MW turbines at pumped hydro site in China.

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

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.

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

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