Energy storage developer Eolian has completed an investment in two standalone battery energy storage projects in Texas, which it claims is the first use of the Inflation Reduction Act’s new tax credit incentives (ITC).

German commercial and industrial (C&I) energy storage system firm Tesvolt is investing €60 million in a new manufacturing hub at its headquarters in Lutherstadt Wittenberg.

A battery storage system in the UK has begun delivery of reactive power services, claimed as a world first contract of its kind.

Redwood Materials will get a US$2 billion loan from the DOE’s Loan Programs Office (LPO) for its closed-loop lithium-ion anode and cathode material production plant in Nevada, US.

Sumitomo Electric will step up its VRFB business in the US, with plans to invest in local production and installation capabilities.

Testing has started on four battery storage projects in Lithuania totalling 200MW/200MWh provided by system integrator Fluence, with a view to turning the projects online in a few months.

Imperial County has approved schemes to incentivise investment into lithium value chain, leveraging the region’s abundant brine resources.

A flurry of activity observed in C&I energy storage, hinting that industry players spy potential in underperforming market segment.

Global battery storage system integrator Fluence grew revenues 78% and doubled its gross profit margin in October-December 2022, its first financial quarter under the helm of new CEO Julian Nebreda.

Developers Fotowatio Renewable Ventures and oEnergy have moved forward with environmental impact assessments (EIA) for two PV co-located battery storage projects in Chile, one of which is an eight-hour lithium-ion system.