Norwegian renewable energy investor Magnora and the Alberta Investment Management Corporation have moved into the UK battery storage market.

The first battery energy storage system (BESS) in New York City using Tesla Megapacks, a 12MWh system in the Bronx by NineDot, has been inaugurated.

SPAC Mustang Energy PLC is increasing its effective stake in CellCube to around 25% while a company launching a vanadium mine project in Australia has injected US$3.5 million in a new flow battery maker.

Construction has begun on two large-scale solar projects paired with battery storage in Hawaii from AES Corporation.

Genex Power has bought up a 2GW clean energy project which it intends to build in five stages in Queensland, Australia.

US battery energy storage system integrator FlexGen has launched a new product for distributed and behind-the-meter applications.

Tax incentives for energy storage included in the US’ Inflation Reduction Act could mean fewer solar-plus-storage hybrid plants are built.

Fluence, the global battery energy storage system integrator, is changing CEO with Julian Nebreda replacing incumbent Manuel Pérez Dubuc next month.

Gravity-based energy storage company Energy Vault expects US$680 million in combined revenue over 2022 and 2023, it claimed in its recent quarterly results.

Vistra Energy will have more than 1,213MW of battery storage in operation in its portfolio by 2026, the US power generation company has claimed.