Global battery storage system integrator Fluence grew revenues 78% and doubled its gross profit margin in October-December 2022, its first financial quarter under the helm of new CEO Julian Nebreda.

Developers Taaleri Energia and Merus Power have partnered to deploy a 30MW/36MWh battery energy storage system in Finland, one of the country’s largest.

The US’ installed base of large-scale battery storage systems is expected to double in megawatt terms during 2023.

Hecate Grid, an independent power producer (IPP) developing utility-scale battery storage assets, has raised US$98.9 million through lenders.

Energy Networks Association has called on UK government to update energy security strategy to include energy storage by the end of 2023.

Portugal-based utility EDP has received clearance to deploy a 1MWh vanadium redox flow battery (VRFB) system as part of a hybrid energy storage project at the site of a retiring gas plant in Asturias, Spain.

Slovenia state-owned utility Dravske elektrarne Maribor (DEM) is planning two battery storage units totalling 60MW as well as a pumped hydro energy storage (PHES) plant.

“Overall we are very happy with the direction of the budget,” says Dr Rahul Walawalkar, president of the India Energy Storage Alliance (IESA).

US Senator Joe Manchin and fellow bipartisan colleagues have urged the Biden Administration to invest more in non-lithium energy storage technologies, while DOE Loan Programs Office head Jigar Shah expects companies developing the latter to broadly secure 1GWh orders this year.