Turkish group Kontrolmatik Technologies has increased the output of its planned energy storage-focused gigafactory in the US by 50%, thanks to the Inflation Reduction Act (IRA) which passed today.

Sustainable infrastructure investment fund manager SUSI Partners has acquired ready-to-build battery energy storage system projects in Texas.

President Biden signed the Inflation Reduction Act yesterday, bringing with it measures expected to boost prospects for energy storage.

On.Energy has raised US$100 million in project financing from UK fund SDCL Energy Efficiency Income Trust plc (SEEIT) for its US and Canada energy storage project deployments.

Gravity-based energy storage company Energy Vault will deliver and optimise battery energy storage systems (BESS) totalling 220MWh for developer Jupiter Power in Texas and California.

Energy storage is ready to become a key pillar of the US energy transition, writes Andy Tang of Wärtsilä Energy.

Vehicle-to-grid (V2G) company Nuvve grew its MW under management by 10% in quarter two 2022 and is eying applications for school buses and the marine sector.

California investor-owned utility SDG&E has chosen Mitsubishi Power as supplier of battery storage to four microgrids in its service area.

ESS Inc has recognised revenues for the first time since publicly listing, while closing in on a 750MWh targeted annual production capacity.

Engineering, procurement and construction (EPC) firm Burns & McDonnell is providing EPC services for Texas Waves II, a 30MW battery energy storage system (BESS) by RWE.