Greece-based battery manufacturer Sunlight Group has received €275 million (US$290 million) in loan financing to expand production and research.

Harmony Energy has secured a £60 million debt facility from major UK retail and commercial banking group NatWest.

Mitsubishi Power is entering the European energy storage market with four BESS projects totalling 371MWh for ION Renewables in Ireland.

Significant policy support for the long duration energy storage (LDES) sector may be needed until 2030-35 when the market matures, says a new LDES Council policy toolbox report.

Joint development agreement has been signed by Macquarie’s Green Investment Group and Bluestone Energy for up to 2GW of UK battery storage.

UK-based Connected Energy has raised £15 million (US$18.4 million) from five new investors to help scale up its second life-based battery energy storage system (BESS) solution.

Europe will need a total of 187GW of energy storage by 2030 and 600GW by 2050 to meet its renewable energy targets, according to the European Association of Energy Storage (EASE).

Inaccess, which has worked on some of world’s biggest battery projects, has been acquired by renewables software company Power Factors.

KORE Power will provide batteries for a 20MWh battery storage project under development between ABB and UK green energy supplier Ecotricity.

Gujarat will sign power purchase agreements for renewables paired with energy storage to bring electricity to off-grid villages.