Lithium-ion battery pack prices have gone up 7% in 2022, marking the first price rise since BloombergNEF began its surveys in 2010.

Planned lithium-ion battery gigafactory capacity in the US has grown twice as fast as in Europe since the Inflation Reduction Act was passed, Benchmark Minerals Intelligence told Energy-Storage.news.

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.

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.

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.

KORE Power, a company developing a lithium-ion gigafactory project in the US, has closed the initial $75 million tranche of a US$150 million fundraising round.

National Grid Renewables has commenced operations at its Noble solar-plus-storage project in Denton County, Texas.

A 30MW battery energy storage system has been inaugurated by transmission system operator (TSO) ISA CTEEP in Brazil.