NHOA’s energy storage business accounted for the vast majority of the company’s €165.7 million reported revenues in 2022.

The decision by the new owners of UK gigafactory startup Britishvolt to pivot its initial focus towards energy storage rather than EVs has pros and cons, a senior industry consultant told Energy-Storage.news

British renewable energy investment company Thrive Renewables is offering Bristol Energy Co-operative up to 20% investment in its new 20MW/30MWh battery energy storage project, in a first for co-ownership.

A total of 16GW was added last year, equivalent to a 68% of year-on-year growth.

Canadian Solar doubled its energy storage shipments to 1.79GWh in 2022 although expects significant lower growth in 2023 due to transitioning its utility-scale product.

The European Commission has approved a €103 million (US$125 million) package of direct grants from the government in Romania for battery storage projects.

A solar-plus-storage project has been commissioned in Saxony, Germany, the first in the state from the recent ‘innovation tenders’ to do so.

UK utility SSE has put £100 million (US$123 million) into its Coire Glas pumped hydro project in Scotland for pre-construction activities, but said that new policy is needed for it go to final investment decision (FID).

The European Commission support for manufacturing of clean energy technologies a “game changer” for making the battery industry competitive.

Some 1.9GW of grid-scale battery energy storage was deployed across Europe last year, of which nearly 85% was in UK, Ireland, Germany and France according to research and consultancy LCP Delta.