Sungrow has signed MOU to collaborate on energy transition topics with Provincial Electricity Authority of Thailand.

BASF will develop and market energy storage systems based on NAS batteries in South Korea in partnership with power-to-gas company G-Philos.

Asset manager BlackRock has acquired US battery energy storage developer Jupiter Power from EnCap Investments.

Philippines power generator and utility Aboitiz Power will put a 49MW battery energy storage system into commercial operation this month, and has started construction on another.

Greenko will provide 1,500MWh pumped hydro energy storage in India to back Serentica Renewables’ round-the-clock renewable energy offering.

Lithium-ion gigafactory company FREYR has chosen the state of Georgia for its planned US production facility amidst reports it is in talks to raise US$500 million from private equity firm KKR.

Recently-formed developer Innovo Group is targeting a 1.5GW/9GWh lithium-ion BESS development portfolio in Italy and UK, with the first system in central Italy online in Q1 2024.

H2 Inc, a South Korean vanadium flow battery company, has begun construction of a factory with 330MWh annual manufacturing capacity.

GM partnering with one of California’s main investor-owned utilities to explore vehicle-to-grid and vehicle-to-home integration.

While battery storage growth in the US continues to vastly outpace that of Europe, the repurposing of used EV batteries into second life stationary storage systems is far more developed in the latter.