Compressed air energy storage (CAES) firm Corre Energy has agreed an offtake and co-investment deal with utility Eneco for a project in Germany.

This Friday Briefing looks at some big new projects already announced this year and the new BloombergNEF Tier-1 BESS list.

Europe-based sodium-ion battery technology firms Tiamat and Altris have secured a total of €29 million (US$31.5 million) in new funding, from a fundraise round and the Swedish state respectively.

The government of Turkey, currently processing applications for large-scale energy storage facilities at renewable energy plants, will raise import duties for lithium iron phosphate (LFP) battery products.

We hear from UK battery storage developer-operators and long-duration energy storage (LDES) technology firms on the government’s recently-released LDES consultation, which has proposed a cap and floor scheme to kickstart investment.

BloombergNEF has launched its Energy Storage Tier 1 list of providers, noting growth in new players from the China market.

The German government published a strategy for electricity storage in December, with a comment period for trade associations closing yesterday (16 January).

Lithium-ion manufacturer Hithium will supply 5GWh of LFP battery cells to system integrator Powin over a three year period.

European lithium-ion battery developer and manufacturer Northvolt has secured a US$5 billion (€4.6 billion) non-recourse project financing package from various EU and Nordic institutions for its manufacturing and recycling plants.

Netherlands-based BESS developer Giga Storage has unveiled a 600MW/2,400MWh project it is developing in neighbouring Belgium, one of the largest planned projects in Europe.