A UK company has received funding to explore potential sites in India for demonstration of its proprietary gravity energy storage technology.

Energy Vault has provided a dizzying variety of updates in its Q3 results, covering European battery storage, a green hydrogen system, a new CFO and its gravity-based energy storage deployments in the US and China.

BASF will develop and market energy storage systems based on NAS batteries in South Korea in partnership with power-to-gas company G-Philos.

China continues to lead rankings for involvement in the global battery supply chain, but the chasing pack of other countries is in flux.

Greenko will provide 1,500MWh pumped hydro energy storage in India to back Serentica Renewables’ round-the-clock renewable energy offering.

H2 Inc, a South Korean vanadium flow battery company, has begun construction of a factory with 330MWh annual manufacturing capacity.

LG Energy Solution has said that the US is its most important target market, as the company reported record quarterly revenues for Q3 2022.

Automotive group Toyota and utility JERA have commissioned a battery storage system made up of lithium-ion, nickel metal-hydride and lead acid cells, something relatively novel in the sector.

Construction has started on a 350MW/1.4GWh compressed air energy storage (CAES) unit in Shangdong, China.

Recent policy developments in the US and European Union represent a considerable uplift to prospects for global energy storage deployment.