South Korea’s Samsung SDI has signed its first US lithium iron phosphate (LFP) cell deal, while Chinese integrator Trina Storage has expanded an existing supply partnership.
A trio of large-scale BESS announcements by major power firms of 700-800MWh capacity each in Germany show the country’s energy storage market moving into the new era of scale.
The recent introduction of 15-minute settlement periods across European power markets could result in significantly higher profits for battery storage asset operators.
Two major Middle East and North Africa (MENA) region projects combining solar PV and battery storage have progressed in Saudi Arabia and Egypt through ACWA Power and Scatec, respectively.
In this Energy-Storage.news roundup, Energy Vault enters the Swiss energy storage market, ZincFive raises Series F financing, and Convergent Energy and Power secures a multimillion-dollar facility provided by NY Green Bank.
Vancouver-based helium and natural gas producer Desert Mountain Energy (DME) has signed a non-binding letter of intent (LOI) to form a joint venture (JV) to build and operate a sodium nickel chloride (SNC) battery manufacturing facility in Roswell, New Mexico.