Bidding took place in reverse auction to contract for 500MW/1,000MWh of standalone BESS with the Solar Energy Corporation of India.

The construction of battery cell factories catering specifically for stationary energy storage means competition for supply with the EV sector will cool off in the next couple of years.

US$1 billion financing has been secured for ‘Round-The-Clock’ renewables, claimed as India’s biggest single-project clean energy deal.

European gigafactory group FREYR’s new technology resources campus and business unit in Japan could see it partner with companies in addition to existing technology provider 24M, CEO Tom Jensen told Energy-Storage.news.

Republic of Maldives has reopened a tender process, seeking to procure 40MWh of battery energy storage systems.

LG Energy Solution has seen a drop in its profitability which according to the company’s CFO was largely caused by industry headwinds.

India’s government has added an Energy Storage Obligation alongside its Renewable Purchase Obligation for the first time.

Commissioning has taken place of a 100MW/400MWh vanadium redox flow battery (VRFB) energy storage system in Dalian, China.

Hero Future Energies has won a tender to construct grid-scale battery storage in the Indian state of Kerala.

Japanese financial services group Orix and regional utility company Kansai Electric building large-scale battery storage system.