Munich-headquartered international banking firm Berenberg has provided debt financing for two battery energy storage projects in eastern Germany totalling 32MWh.

Oslo-based second life battery storage solutions firm Evyon has raised €8 million (US$8.3 million) in a pre-Series A fundraising round, led by VC firm Sandwater.

A 15MW/16.4MWh battery energy storage system (BESS) provided by Fluence has been inaugurated on the Portuguese island of Madeira.

Energy Vault has provided a dizzying variety of updates in its Q3 results, covering European battery storage, a green hydrogen system, a new CFO and its gravity-based energy storage deployments in the US and China.

Hyme Energy will deploy a 20-hour hydroxide molten salt-based thermal energy storage system in Rønne, Denmark, for 2024 while Azelio has just completed the installation of a unit in Dubai, UAE.

Zenobē has begun construction on three battery storage projects in Scotland which will total £750 million (US$892 million) of investment.

China continues to lead rankings for involvement in the global battery supply chain, but the chasing pack of other countries is in flux.

Lithium-ion gigafactory company FREYR has chosen the state of Georgia for its planned US production facility amidst reports it is in talks to raise US$500 million from private equity firm KKR.

Recently-formed developer Innovo Group is targeting a 1.5GW/9GWh lithium-ion BESS development portfolio in Italy and UK, with the first system in central Italy online in Q1 2024.

While battery storage growth in the US continues to vastly outpace that of Europe, the repurposing of used EV batteries into second life stationary storage systems is far more developed in the latter.