Microvast is receiving more purchase orders from the US energy storage market than it can produce, the battery cell, pack and energy storage system manufacturer has said.

Concern has been raised by the industry about battery storage consistently being overlooked in the UK’s Balancing Mechanism (BM), as the sector’s average revenues plummeted in the first half of 2023.

An energy storage news roundup from Germany, including 10MWh-plus projects from Tesvolt and Wirsol Roof Solutions and a €5 million fundraise by second life firm Voltfang.

Framework agreement signed between developer Vena Energy and suppliers to a cross-border clean energy ‘hybrid megaproject’ in Indonesia.

A large offshore wind project proposal in New Jersey, US, by Leading Light Wind includes an option to include a 253MW battery energy storage system (BESS).

Enersense International has been enlisted to provide maintenance services on four battery storage projects in Lithuania deployed by Fluence.

Construction is set to begin on a battery storage project in Japan through JV involving CATL with utility Shikoku Electric Power.

Energy storage system and services firm Stem Inc grew revenues to US$93 million in the second quarter of 2023, and reduced its EBITDA loss by 15% to US$8.5 milllion.

Development of grid-scale battery storage has been halted in Jefferson County, Tennessee, after a ruling by County Commissioners.

Mobile energy storage firm Nomad has won a US$9.5 million DOE grant to deploy its product in rural communities in Vermont, US.