UK renewable energy and battery storage developer Harmony Energy has raised gross proceeds of £186.5 million (US$251 million) to fund a battery storage rollout through an IPO.

Sunamp, a Scotland-headquartered manufacturer of a thermal energy storage technology, has just signed an agreement with a distributor to target nearly US$70 million of sales in China and open a factory in the Asian country.

News in brief from around the world in energy storage.

Energy storage technologies have largely been ignored in discussions at and around COP26 climate talks. That’s not good enough, argues Amit Gudka of Field.

A new CEO-led organisation representing a broad range of long-duration energy storage technologies and their role in achieving global energy system decarbonisation has launched today. 

The UK will exempt clean energy technologies from business rate rises while tenders for large-scale renewables will allow bids to include generation projects colocated with energy storage. 

Financial close has been reached for a 25MW / 100MWh battery energy storage system (BESS) project in Belgium which has also been successful in a grid capacity auction alongside gas-fired power plants.  

UK battery storage developer and investor Pivot Power, battery technology provider Wärtsilä and major utility company EDF’s 50MW/50MWh Kemsley battery energy storage system (BESS) has gone live.

Fluence’s share price jumped 25% on their first day of trading on the Nasdaq Global Select Market. 

Lithium batteries have definitely changed the game for the energy transition, but require smart technologies and strategies to optimise them — which can be equally important.