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SolarEdge and Leclanché hit NMC battery cell production landmarks

January 18, 2023
In a double-whammy of NMC battery news, SolarEdge has started shipping cells from its new South Korea gigafactory while Lechlanché has claimed a breakthrough in environmentally-friendly cell production.
M&A activity in the sector has taken a massive leap after three years of steady growth. Source: Mercom Capital Group.

Energy storage sector corporate funding at all-time high in 2022

January 18, 2023
Corporate funding of energy storage companies exceeded US$26 billion worldwide in 2022, a 55% jump from 2021’s total US$17 billion.
Rendering of Recharge Industries' Geelong factory. Image: Recharge Industries.

Australia’s Queensland and Victoria to host major battery industry developments

January 17, 2023
The government of Queensland seeks input on its battery industry strategy, while an engineering provider has been appointed for a large-scale battery gigafactory in Victoria.
Illustrative rendering of a solar-plus-storage project with LG ES containerised BESS. Image: LG Energy Solution.

LG Energy Solution, Hanwha in US energy storage battery partnership

January 16, 2023
LG Energy Solution and Hanwha, two major players in battery and renewable energy tech, aim to establish battery storage manufacturing in the US.
Signing of the MoU in Guwahati, Assam. Image: ONGC.

India’s Oil & Natural Gas Corporation in MoU for 500MWh battery storage project in Assam

January 13, 2023
MoU signed by subsidiary of India’s Oil & Natural Gas Corporation (ONGC) for a large-scale battery storage project in Assam.
Rendering of H2 Inc Enerflow VRFB units with electrolyte tanks and balance of plant equipment. Image: H2 Inc.

Flow battery maker behind ‘US’ biggest project’ closes Series B funding round

January 12, 2023
US$18 million Series B closed by H2 Inc, a South Korea-headquartered manufacturer of redox flow battery energy storage systems.
Ceremony to start construction of a pumped hydro plant by Jagan Mohan Reddy, chief minister of Andhra Pradesh, India. The project is one of a number by Greenko, a prolific participant in tenders. Image: CMO Andhra Pradesh via Twitter.

‘India’s first dispatchable renewables company’ Greenko plans 11GWh Madhya Pradesh pumped hydro plant

January 11, 2023
Greenko, an Indian power producer creating a 24/7 renewable energy proposition has announced US$1.2 billion PHES project.
Wallerawang coal power plant, pictured in 2007, closed down in 2014, but New South Wales still has much more work to do to replace coal on its energy networks. Image: Wikimedia user Amitch.

Shell acquires 1GWh BESS project at former coal power plant site in New South Wales

January 10, 2023
Shell Energy Australia will build, own and operate a planned 500MW/1,000MWh battery storage asset at former coal plant.
An existing Enel X commercial-scale battery storage project in Massachusetts, US. Image: Enel X.

Enel X in 5MWh battery storage pilot for Australian shopping centres

January 9, 2023
Enel X will pilot battery storage systems at two shopping centres in Australia with commercial real estate group Vicinity Centres.
An MoU signing ceremony was held. Image: Citaglobal Berhad.

Indonesian state-owned company in battery cell manufacturing and BESS MoU

January 9, 2023
Indonesia Battery Corporation exploring cell manufacturing and battery storage integration with engineering company Citaglobal.

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