The mismatch between supply and demand for lithium batteries presents a challenge to the global transition to sustainable energy.

The Ministry of Economic Affairs and Employment in Finland has granted €19.5 million (US$19.3 million) to a hybrid plant project combining wind, solar and 25MW/50MWh of battery storage.

Equinor has approved the final investment decision of its first battery energy storage asset in the UK.

Asset manager Foresight Group has invested in a co-located 1.6GWh pumped hydro energy storage and wind project in Scotland.

Global system integrator Fluence will deploy a 250MW ‘Grid Booster’ battery energy storage system for transmission system operator (TSO) TransnetBW, one of two such projects planned in Germany.

A 25W battery energy storage facility in Germany with used battery cells from EVs including forklifts has been completed by developer JT Energy Systems.

Fotowatio Renewable Ventures (FRV) and Tyler Hill Partners have created a platform to develop, build and operate up to 1GW of battery energy storage system projects in the UK.

Japanese tech conglomerate Hitachi has bought the remaining 19.9% stake held in Hitachi Energy by its joint venture partner ABB.

A prototype system that can test and sort used battery cells for second life applications has been developed by four companies in the UK in a government-funded initiative.

Gresham House Energy Storage Fund has seen its net asset value increase by 53.5% to £785 million (US$879 million).