Average revenues for the Gresham House Energy Storage Fund doubled from February to April this year, fund manager Gresham House said in its full year 2023 results.

Wärtsilä’s Q1 net sales in its energy storage and optimisation (ES&O) business division fell 75% year-on-year, with revenues to be recognised as projects move toward completion later in the year.  

US-headquartered battery storage system integrator Powin Energy has signed a 12GWh cell supply agreement with Chinese battery maker REPT Battero.

Developers Agilitas Energy and On.Energy have raised a total US$125 million in debt financing towards solar, energy storage and hybrid solar-plus-storage projects in the US.

EPC and developer Eco Stor has broken ground on a 238MWh battery energy storage system (BESS) in Germany, one of several to have been claimed as the largest in the country.

UK-headquartered battery storage investor-developer Gore Street is using battery data analytics solutions to manage risk and get improved insurance terms on projects in its portfolio.

RayGen, a startup developing long-duration energy storage (LDES) technology designed for pairing with renewable energy installations, has raised investment to kick off a Series D funding round.

The number of long-duration energy storage (LDES) technologies that will commercialise for applications beyond 24 hours ‘can be counted on one hand’, the CEO of compressed air energy storage (CAES) developer Corre Energy said in an interview.

IPP Neoen has launched construction on the the second phase of its Collie BESS project in Western Australia, following a capacity services contract award.

Market saturation in the Texas, ERCOT ancillary services market is already happening as the BESS buildout accelerates, Energy-Storage.news has heard.