Investor Fotowatio Renewable Ventures (FRV) has acquired a 600MW portfolio of battery energy storage system (BESS) projects in development in Greece.

Utility and power generation company Enel Group and Brenmiller Energy have inaugurated a thermal energy storage system in Italy using the latter’s proprietary bGen technology.

Neoen has reported a 46% increase in revenues for the first nine months of 2022 versus the same period last year.

Industry should make “concrete proposals” for electricity market reforms, or risk policy and regulation continuing to fall short in valuing the role of energy storage.

Gigafactory firms Northvolt and Britishvolt have commented on news reports that economic conditions are negatively affecting their plans, in statements provided to Energy-Storage.news.

European Union policymakers and regulators recognise that energy storage is vital to securing affordable and low carbon energy.

Anil Srivastava has vacated his position as CEO of Leclanché.

News of major project acquisitions in another busy week for the UK battery storage market.

A €600,000 grant from Enterprise Estonia and KredEx has been given to a pumped hydro energy storage project in the Baltic state.

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.