KORE Power, a company developing a lithium-ion gigafactory project in the US, has closed the initial $75 million tranche of a US$150 million fundraising round.

National Grid Renewables has commenced operations at its Noble solar-plus-storage project in Denton County, Texas.

Irish government has launched a consultation to help direct the development of a policy framework for energy storage.

Approval granted in Australia for the first battery storage project to share grid connection point with an existing generation asset in National Electricity Market.

A 49MW battery storage system has just been commissioned at a floating diesel power plant in Mindanao, Philippines.

A 30MW battery energy storage system has been inaugurated by transmission system operator (TSO) ISA CTEEP in Brazil.

The Minister of Energy of Romania will provide up to €103 million in financial support for battery energy storage systems deployments in the country.

Powin Energy will source components from SMA America for 2GW of battery storage systems.

Energy crisis resulted in high ancillary services revenues for battery storage, with some assets earning four times more than expected.

Turkish company Kontrolmatik Technologies expects over US$900 million in incentives from the Inflation Reduction Act to 2032 for its US gigafactory, with Powin one of its first offtakers.