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While the 83% year-on-year drop sounds dramatic, Q1 2022 was an outlier due to the inclusion of LG Energy Solution's US$10.7 billion IPO which itself accounted for 83% of that quarter's total. Image: Solar Media using Mercom Capital data.

Corporate funding for battery storage companies slows down in Q1 2023

April 18, 2023
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.  
Li-Cycle lithium-ion battery recycling US

Glencore, Iberdrola partner on lithium-ion battery circularity solutions

April 18, 2023
Mining giant Glencore, Spain-based utility Iberdrola and commercial waste management firm FCC are partnering to develop lithium-ion battery circularity solutions, including recycling and second life.
Testing of battery cells at the lab of analytics company TWAICE, one of the consortium partners. Image: TWAICE.

European Union’s mandatory Battery Passport sustainability effort starts to take shape

April 17, 2023
Guidance on the EU Battery Passport has been released by consortium tasked with supporting flagship sustainability and transparency effort.
netherlands batteries
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Dutch BESS developer Giga Storage buys closed distribution grid to deploy large-scale projects

April 17, 2023
Developer Giga Storage has acquired a closed distribution grid in Groningen, the Netherlands, with the aim of deploying large-scale battery storage projects at the site.
Battery energy storage system (BESS) equipment at the factory of Turkish system integrator Inovat. Image: Inovat.

Turkey begins energy storage licensing with over 200GW of applications received

April 17, 2023
Turkey pre-licensing energy storage facilities paired with renewables, with around 20GW expected to be granted within three years.
Enerparc solar plus storage project innovation tender germany

Enerparc commissions ‘Innovation Tender’ solar PV project with 8MWh BESS in Germany

April 13, 2023
Developer Enerparc has turned on its first solar-plus-storage project in Germany awarded under 2020/21’s Innovation Tender.
Fluence has delivered nearly 600MW of BESS in the Philippines to date, including this project for SMC Global Power. Image: Fluence.

ROUNDUP: Fluence in Philippines, Asahi Kasei’s US$100 million VC funds, Leclanché builds LeBlock

April 12, 2023
News in brief from around the word in energy storage with another edition of the Energy-Storage.news roundup.
Energy Dome's 2.5MW/4MWh commercial demonstrator CO2 Battery plant in Sardinia, Italy. Image: Energy Dome
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Energy Dome: Turning a greenhouse gas into a cheaper form of energy storage than lithium-ion batteries

April 12, 2023
‘CO2 Battery’ startup Energy Dome was only founded in 2020 but has drawn the attention of media and investors alike already.
gresham house

UK’s Gresham House sees ‘strong growth in earnings’ from high ancillary service prices

April 12, 2023
Delays in the growth of Britain’s battery storage sector helped boost Gresham House Energy Storage Fund’s portfolio performance.
sweden soltech

Soltech deploying 12MWh BESS in Sweden for Q4 2023 COD

April 11, 2023
Soltech Energy Solutions is installing a 12MW/12MWh battery storage unit in Sweden for municipal energy firm Nybro Energi, set to come online before the end of the year.

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DESRI, Origis, rPlus finance, launch construction on 2.8GWh of US solar and storage projects

Senate Finance Committee reconciliation bill draft keeps energy storage ITC, cuts solar PV, wind and EV incentives

NERC report says BESS in ERCOT can improve primary frequency response

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Powin ‘struggling to compete with Chinese OEMs’ integrated BESS offerings’

Prevalon Energy’s 320MWh Idaho BESS enters commercial operations

SMUD and DESRI execute PPA for BESS on former California nuclear facility

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