US geothermal energy company Ormat Technologies’ energy storage division achieved gross margin of 25.3% in Q2 2022.

Private equity firm ArcLight Capital Partners has agreed to acquire 185MW of operational wind farms and 80MWh of battery energy storage system (BESS) developments from GlidePath Power Solutions.

Home energy storage system provider NeoVolta has raised US$3.9 million in a Nasdaq uplisting, lower than initially planned amidst ‘tough capital markets’ according the company’s CFO.

Eos Energy Enterprises now has an order backlog worth US$457.3 million following a busy quarter for the US zinc-based battery storage solutions provider.

Research firm Wood Mackenzie has downgraded its forecasts for US demand for energy storage in 2022 and 2023 by around one-third, in its most recent global outlook report.

Iowa’s energy regulator has approved two projects from NextEra Energy Resources including a 300MWh co-located battery energy storage system (BESS) while utility Alliant has turned on a 5MW unit in the state.

Ameresco and Southern California Edison are “working around the clock,” to deliver a 2.1GWh, three-site battery storage portfolio.

Longroad Energy has secured US$500 million investment to support business model shift from “develop to sale” to ownership of renewables.

Austin-based potassium-ion battery startup Group1 says its technology has comparable energy density to lithium iron phosphate (LFP), and that it is aiming for a large-scale launch of its product by 2027.

Another edition of our news in brief from around the world in energy storage, this time focusing on product announcements.