Matthew Lumsden, CEO Connected Energy, talks us through scaling up the business in preparation for an EV boom from 2025 onwards.

To integrate a targeted 500GW of non-fossil fuel energy onto India’s networks by 2030, at least 160GWh of energy storage will be needed.

Greece-based battery manufacturer Sunlight Group has received €275 million (US$290 million) in loan financing to expand production and research.

Queensland’s state government has identified batteries as the fastest way to add energy storage to the electricity network.

Harmony Energy has secured a £60 million debt facility from major UK retail and commercial banking group NatWest.

Ambri has received an order in South Africa for a 300MW energy storage system based on its proprietary liquid metal battery technology.

RWE has switched on its Hickory Park project combining 195.5MW of solar PV with 40MW/80MWh of battery storage in Georgia, US.

Approval has been granted for construction of a large-scale BESS at the site of an existing fossil fuel power plant in New York.

Mitsubishi Power is entering the European energy storage market with four BESS projects totalling 371MWh for ION Renewables in Ireland.

Matrix Renewables, the platform backed by private equity firm TPG, has secured tax equity financing of US$92 million for two solar-plus-storage projects in California with 80MWh of energy storage.