Developer Pulse Clean Energy has secured a three-year £175 million (US$215 million) credit facility with a number of banks to go towards its pipeline of battery storage projects in the UK.

Energy optimisation software provider Peak Power has received US$35 million investment, while startup Financial Machines has launched its own platform, with both targeting the US energy storage market.

A tender will open in a few days’ time under NSW’s electricity system roadmap through which 550MW of long-duration storage could be procured.

Steps forward have been taken for the first pilot deployment of large-scale battery energy storage system (BESS) technology in Vietnam.

The Inflation Reduction Act could “suck the oxygen out” of the Latin American (LatAm) energy storage market, the CEO of pan-American energy storage firm On.Energy said.

Canada will introduce tax credit incentives and invest in developing and manufacturing solar PV, energy storage and other renewable energy technologies in an Inflation Reduction Act-style scheme.

Long-duration energy storage was firmly on the agenda and among the talking points of attendees at Energy Storage Summit EU in London.

Alberta-based developer Enfinite has commissioned two grid-scale battery storage projects in the Canadian province.

Canadian utility NB Power has issued a Request for Expressions of Interest (REOI) seeking to establish 50MW of energy storage and 220MW of renewables capacity in New Brunswick, Canada.