Vanadium flow battery supplier Invinity Energy Systems has signed a memorandum of understanding with the power and industrial systems arm of Korean conglomerate Hyosung Corporation to commercialise its batteries in South Korea and elsewhere.
Technologies from US V2G solutions company Nuvve and NGK’s sodium sulfur batteries will provide ancillary services and other grid stability applications in Japan.
Lucky Cement, the largest cement producer in Pakistan, is launching a solar-plus-storage project with 5.589MWh of energy storage, which it claims would be the largest in the country.
India will not be able to meet its aim of becoming a global leader in battery manufacturing unless it establishes a value chain that embraces recycling.
Global energy storage and electric vehicle (EV) technology group NHOA, formerly Engie EPS, doubled its energy storage revenues in 2021 and says it has a €764m pipeline for the segment.
Four winners have been selected to receive financial incentives from India’s government, to support plans to build 50GWh annual manufacturing capacity of advanced batteries for EVs and ESS.