Japanese petroleum firm Idemitsu has invested in a vanadium mining, processing and electrolyte production project in Australia, while two other major vanadium projects have progressed.
Nidec ASI, the Italy-based industrial solutions division of Japanese conglomerate Nidec Group, has won a contract to deploy 5.4GWh of battery energy storage systems in its home market.
Norway-based thermal energy storage company Kyoto Group has signed a letter of intent (LOI) to deploy an 88MWh system in Spain in the second half of 2023.