Energy storage funds managed by UK-based Gore Street Capital and Gresham House increased their net asset value (NAV) per share in 2022, but by very different rates.

This edition of news in brief from around the world in energy storage focuses on virtual power plant action in the US.

Origis Energy has obtained a US$750 million credit facility for its solar and energy storage development project pipeline in the US. 

Construction has started on two battery energy storage system (BESS) projects in Idaho which will be delivered by Powin Energy.

The faulty activation of sprinkler system forced the decommissioning of the LG batteries which were eventually stolen from Terra-Gen’s Valley Center BESS in California, the company told Energy-Storage.news.

Groundbreaking has taken place for a manufacturing hub in West Virginia, US, to be powered by a large-scale solar-plus-storage microgrid.

Project claimed to be the first of its kind in the US, utilising the highest temperature thermal storage tech in the world has gone online.

rPlus Hydro has submitted a Final License Application for a pumped hydro energy storage (PHES) plant in Nevada, US, its second Application in 2023.

Energy Vault has confirmed its increased guidance for 2022, posting US$146 million in revenue of which two-thirds came in Q4.

Energy storage’s incredible versatility and usefulness can’t be fully unleashed without a comprehensive approach to fire safety.