US energy storage provider and renewable asset management services group Stem Inc. has confirmed guidance that it will be EBITDA positive throughout 2024.

Energy Vault has connected its first commercial EVx gravity-based energy storage system to the grid in China, while construction has been launched on three others, all-in-all totalling 468MWh of capacity.

The Energy Storage Awards (ESAs) aim to reward excellence and hard work in the European industry, recognising the pioneering spirit and dedication to positive change it represents. Now in their second year, the Energy Storage Awards are brought to you by Solar Media, publisher of global energy storage industry website Energy-Storage-News, and host of events including the Energy Storage Summit series in the UK, US, Asia and Australia.

Italy grid-scale energy storage market opportunities unlike anywhere else, but many challenges and uncertainties around the different revenue streams remain, including the upcoming MACSE capacity market auction.

UK firm G2 Energy is moving into full BESS wrapped EPC services under its new owner Mitie, having focused on a grid connections and balance-of-plant (BOP) engineering services prior to its predecessor company’s bankruptcy last year, CEO Kelvin Ruck said.

Fluence has been issued the required Notice to Proceed on a battery storage project in Australia, which will provide inertia services via the system’s advanced inverter equipment.

Energy Storage Canada (ESC) is “thrilled” that the Canada Infrastructure Bank’s (CIB’s) investment into a large-scale battery storage portfolio will enable Indigenous communities to hold a stake in it.  

Germany and Spain are among the energy storage markets of Europe that clients are most keen to learn more about, according to Wood Mackenzie analyst Anna Darmani.

Sungrow tells Energy-Storage.news that it does not currently have plans to launch its own lithium-ion battery cell production for battery energy storage system (BESS) products, a route being taken by other China-based system integrators.