Aer Soléir has signed an investment and co-development deal for 510MW of battery storage projects in Italy with Altea Green Power.

Energy Superhub Oxford, a project with a lithium-ion-vanadium hybrid battery energy storage system (BESS) totalling 55MW, has officially launched.

European gigafactory company Northvolt has signed a US$1.1 billion convertible note to finance the expansion of its lithium-ion battery production, ahead of a potential IPO in the next two years.

Swedish public utility Vattenfall is about to start filling a 45m-high, 200MW-rated thermal energy storage facility with water in Berlin, Germany.

Some anticipated lithium-ion battery gigafactory projects in Europe are quietly revising their plans and may not open at all, according to the head of energy storage for research and consulting company Delta-EE.

Swiss Life Asset Managers has acquired a 50% stake in BCP Battery Holding, a company with several utility-scale battery energy storage system (BESS) developments in Germany.

Construction has begun on the first of four battery energy storage systems (BESS) totalling 200MW/200MWh from global system integrator Fluence in Lithuania.

FREYR Battery will go ahead with construction of its first battery gigafactory in Norway, which has announced a National Battery Strategy.

News in brief, from another busy week for our colleagues reporting on the UK battery storage market at Solar Power Portal.

The German parliament has passed law amendments giving energy storage its own legal definition, in a move welcomed by industry sources.