Corporate funding activity into battery storage companies in the first quarter of 2023 fell considerably year-on-year and quarter-on-quarter, according to research from Mercom Capital.  

Vietnam’s energy storage sector a priority for Asian Development Bank and Global Energy Alliance for People and Planet funds.

Turkey pre-licensing energy storage facilities paired with renewables, with around 20GW expected to be granted within three years.

Tesla will start producing Megapacks, its utility-scale energy storage product, from a new plant in Shanghai from Q2 2024.

The Asian Development Bank is providing financing to Tata Power Delhi Distribution Limited towards a 10MWh pilot project in Delhi, India.

Elcora is developing a vanadium pentoxide plant in Morocco to complement raw materials extraction.

At World Smart Energy Week in Japan last week CATL, Jinkosolar and Sungrow exhibited battery storage products.

Gotion High-Tech has continued recent moves into new markets across Asia, signing a deal with Japan’s Edison Power.

ACWA Power has signed agreements to develop 1.4GW of solar PV and 1.2GW of energy storage projects in Uzbekistan.

ACWA Power has signed a partnership agreement to develop a large-scale wind energy and battery storage project in Kazakhstan.