The US Department of Energy (DOE) has provided US$7.9 million for a 50MWh battery energy storage project using second life EV batteries in the ERCOT, Texas market, by Element Energy and NextEra Energy Resources.

Guyana, a country on South America’s north coast, has issued an invitation for bids for energy storage projects with a combined capacity of 34MWh. 

Wärtsilä Energy has signed additional contract with EDF Renewables UK for 50MW/100MWh lithium-ion energy storage facility in England.

Australia will launch a scheme to incentivise investment in the right mix of low-carbon energy sources and energy storage.

ZincFive, a US company developing nickel-zinc battery technology for applications including data centre UPS has closed a Series D round.

American Battery Factory, a new firm planning a network of lithium iron phosphate (LFP) battery manufacturing facilities in the US, has chosen a site in Arizona for its first.

Developers OX2 and Ingrid Capacity have started work on two battery storage projects totalling 60MW of power in Sweden.

European Commission has given green light for state aid towards development of a large-scale pumped hydro energy storage in Finland.

Lithium-ion battery pack prices have gone up 7% in 2022, marking the first price rise since BloombergNEF began its surveys in 2010.

Norwegian lithium-ion gigafactory firm FREYR has raised over a quarter of a billion dollars and completed the previously-announced JV with Nidec Corporation to develop energy storage solutions.