Lithium-ion battery pack manufacturer Dragonfly Energy expects revenues to increase 47% this year, during which it will complete a Nasdaq listing through a SPAC merger, before doubling in 2023.

Oil and gas major Chevron has pulled out of plans to acquire an equity interest in ACES Delta, the 300GWh green hydrogen energy storage project in Utah, it confirmed to Energy-Storage.news.

Maximising revenue streams for energy storage at distribution network level could have a positive impact for the energy system of Ontario.

News in brief from around the world in energy storage.

There could be nearly 13GW of energy storage on the grid in New York by 2052, according to the state’s grid operator NYISO.

Inaccess, which has worked on some of world’s biggest battery projects, has been acquired by renewables software company Power Factors.

NextEra Energy decarbonisation strategy includes eliminating all scope 1 and 2 emissions from its operations by 2045 without carbon offsets.

Solar and storage EPC and O&M provider Borrego has completed the construction of 15 solar-plus-storage projects across New York and Massachusetts totalling 169MWh, for AES Corporation.

Canadian Solar subsidiary Recurrent Energy has acquired two standalone energy storage projects in development totalling 400MWh in the ERCOT, Texas market.

Lithium-ion battery recycling specialist Li-Cycle reported US$8.7 million in revenues for the quarter ended April 30, 2022, more than double the previous quarter.