Invinity Energy Systems believes partnering with a Chinese materials and manufacturing company will enable significant cost reduction of its vanadium redox flow battery (VRFB) technology.
June 2025 saw a total of 7.96GW/22.17GWh of grid-scale BESS enter commercial operations across 109 projects, with over half of that being in China, while the overall first half of the year saw substantial growth.
The International Finance Corporation (IFC) will loan IR4.6 billion (US$55 million) to infrastructure investor IndiGrid for a standalone battery storage project in Gujarat, India.