Longroad Energy has secured US$500 million investment to support business model shift from “develop to sale” to ownership of renewables.

Gore Street saw its net income increase by 191% over the year to 31 March 2022, whilst the EBITDA of its operational portfolio surged 704%.

Austin-based potassium-ion battery startup Group1 says its technology has comparable energy density to lithium iron phosphate (LFP), and that it is aiming for a large-scale launch of its product by 2027.

Another edition of our news in brief from around the world in energy storage, this time focusing on product announcements.

Zinc-based battery energy storage system provider Eos Energy Enterprises has secured a US$85 million loan facility with Atlas Credit Partners (ACP).

Developer Black Mountain Energy Storage (BMES) has sold 700MW of development-stage projects to UBS Asset Management, its third substantial sale in the Texas, ERCOT market in two months.

Borrego has completed the spin off and sale of its development business to energy transition investor ECP for an undisclosed amount.

ENGIE has pulled out of a large-scale solar-plus-storage project contract in the Western Pacific US island territory of Guam.

As Virginia’s push towards one of the country’s most ambitious energy storage targets gets underway, pilot battery storage projects have been brought online.

South Africa’s primary electricity supplier Eskom has announced details of forthcoming major battery storage deployments.