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.

Quidnet, developing a proprietary mechanical energy storage technology, will receive funding from US DOE’s ARPA-E.

EnergyAustralia has filed planning applications for four-hour duration large-scale lithium BESS in Victoria’s Latrobe Valley.

Cost inflation and supply chain issues have forced California utility PG&E to increase the prices it will pay for 2GWh of battery storage projects, in a move which has been approved by regulators.

Last coal-fired power station in New Jersey demolished, with facility’s owner committing to deploying energy storage at the site.

United Airlines has become an investor in Natron Energy as the world’s first sodium-ion gigafactory is opened in China.

A 50MW/100MWh battery energy storage system, the largest in continental Europe, has been inaugurated in Belgium by developer Corsica Sole.

Vanadium redox flow battery (VRFB) firm Invinity Energy Systems has secured a 15MWh order from industrial technology company Everdura in Taiwan, its largest to date.

Energy storage costs in the US grew 13% from Q1 2021 to Q1 2022, said the National Renewable Energy Laboratory (NREL) in a cost benchmarking analysis.