US DOE Loan Programs Office has invited Nostromo into due diligence and terms sheet negotiations for a loan worth up to US$176 million.

Microvast is receiving more purchase orders from the US energy storage market than it can produce, the battery cell, pack and energy storage system manufacturer has said.

The US saw roughly triple the amount of grid-scale battery storage installed in the second quarter of this year as it did in the preceding quarter, in megawatt terms.

A large offshore wind project proposal in New Jersey, US, by Leading Light Wind includes an option to include a 253MW battery energy storage system (BESS).

Energy storage system and services firm Stem Inc grew revenues to US$93 million in the second quarter of 2023, and reduced its EBITDA loss by 15% to US$8.5 milllion.

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Development of grid-scale battery storage has been halted in Jefferson County, Tennessee, after a ruling by County Commissioners.

Mobile energy storage firm Nomad has won a US$9.5 million DOE grant to deploy its product in rural communities in Vermont, US.

Nova Scotia is putting expansion of electricity storage capacity as a key pillar of its transition away from coal-fired electricity generation.

Zinc battery firm Eos Energy Enterprises has responded to a short seller note which saw its share price nearly halve on Thursday last week.