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.

The Philippines Department of Energy (DOE) and regulators are considering changing rules governing ownership of grid-connected energy storage systems.

Utility Colbún has inaugurated a solar-plus-storage project with a 32MWh battery energy storage system in the Atacama region, the first of an 800MW deployment target.

UK government Department for Business, Energy and Industrial Strategy has provided US$39.67 million to five energy storage projects.

A UK company has received funding to explore potential sites in India for demonstration of its proprietary gravity energy storage technology.

Battery storage project will deliver nearly AU$10 million annual electricity system cost savings in Australia’s Northern Territory.

Bushveld Minerals is restructuring its investment in vanadium redox flow battery (VRFB) firm CellCube, increasing it slightly to 27.6%, as part of its own energy storage business carve-out.