Japanese conglomerate Mitsui & Co. has invested in a 1,300MW wind-plus-solar-plus-storage project development in India.

Zinc battery energy storage system provider Eos Energy Systems finished 2021 with an order backlog of US$148.7 million and a net loss for the year of US$124.2 million.

A 214 acre site which will host a battery cell gigafactory in Arizona, US, has been acquired by KORE Power.

A new 1GWh lithium iron phosphate (LFP) battery factory in Turkey serving the energy storage system (ESS) market will start production in Q4 2022.

Philippines’ investor-owned utility AboitizPower and Norwegian renewables group Scatec have signed a EPC agreement with Hitachi Energy for it to build a 20MW/20MWh battery storage system, set to go online in 2024.

EV batteries made by Mercedes-Benz will be given a new lease of life in stationary energy storage systems (ESS). 

Lucky Cement, the largest cement producer in Pakistan, is launching a solar-plus-storage project with 5.589MWh of energy storage, which it claims would be the largest in the country.

Fluence has formed a partnership with TECO Group to pursue energy storage opportunities in Taiwan’s growing market.

News in brief from around the world in energy storage, this time with a distinctly UK flavour.

The high rates of return in the UK energy storage market seen in the last 6-12 months are unlikely to continue going forward as capex costs increase and ancillary markets saturate.