esVolta has closed a US$139.6 million project financing package with MUFG Bank for its 300MWh Boxcar energy storage project in Texas, US.

Shenzhen PowerOak New Energy Co., Ltd. (PowerOak), the fourth key player in the global portable energy storage sector, has submitted its IPO application to the Hong Kong Stock Exchange.

Transgrid has shortlisted nine utility-scale battery storage projects, totalling up to 2GW, to provide critical system strength services.

New Zealand’s fragmented electricity market structure is creating both opportunities and obstacles for industrial battery storage, as demonstrated by CentrePort Wellington’s upcoming deployment.

American Battery Factory (AFB) has secured offtake agreements for 4.5GWh of its initial 5.5GWh US factory output.

Renewables developer and IPP Storm has secured project finance for two large-scale BESS projects in Ruien and Langerlo, Belgium.

Wood Mackenzie has forecast that the US energy storage industry will install around half a terawatt-hour of new capacity over the next five years.

AU$2bn deal secures Boyne smelter to 2040+ with 600MW+ battery storage firming renewables for Rio Tinto’s aluminium production in Queensland.

The New South Wales IPC has approved Ausgrid’s 400MWh Steel River East BESS located within the Hunter and Central Coast REZ.

Arevon, Banpu Power (BPP) and Energy Vault have made BESS project announcements totalling 1,550MWh of capacity in the US.