The Senate of New Mexico has passed a bill, which will require investor-owned utilities to have 2GW/7GWh of energy storage online by 2034, the second such move by a US state this week.

Democrat lawmakers in Michigan have proposed a bill requiring utilities to have a combined 2,500MW of energy storage online by 2030, and are mulling a specific target for long-duration technologies.

Technology innovator Microvast recently launched its new Energy Division with the release of an industry-leading battery energy storage system.

Energy storage funds managed by UK-based Gore Street Capital and Gresham House increased their net asset value (NAV) per share in 2022, but by very different rates.

This edition of news in brief from around the world in energy storage focuses on virtual power plant action in the US.

Origis Energy has obtained a US$750 million credit facility for its solar and energy storage development project pipeline in the US. 

Construction has started on two battery energy storage system (BESS) projects in Idaho which will be delivered by Powin Energy.

The faulty activation of sprinkler system forced the decommissioning of the LG batteries which were eventually stolen from Terra-Gen’s Valley Center BESS in California, the company told Energy-Storage.news.

Groundbreaking has taken place for a manufacturing hub in West Virginia, US, to be powered by a large-scale solar-plus-storage microgrid.

Project claimed to be the first of its kind in the US, utilising the highest temperature thermal storage tech in the world has gone online.