Another edition of our news in brief from the energy storage industry focusing on the bustling UK market.

Recently-formed company Proteus Power plans to develop and build over 3GW of solar, wind and battery energy storage projects in North America.

LG Energy Solution has seen a drop in its profitability which according to the company’s CFO was largely caused by industry headwinds.

Developer Cypress Creek Renewables has acquired four standalone energy storage projects totalling 400MW/600MWh in Texas, US, from Black Mountain Energy Storage (BMES).

The World Bank has provided guarantees for US$24 million of equity and shareholder loan investments into a 20MW solar-plus-storage project in Malawi.

E.ON spinout Uniper Energy Storage has received €2.75 million in EU grant funding towards a project to store hydrogen at scale in a salt cavern in Northern Germany.

Enel Green Power has completed a wind-plus-storage facility while RWE just installed all inverters on its own, both in Texas.

Generate Capital has acquired US large-scale battery storage developer esVolta.

State-owned power company PGE Group has obtained regulatory approval to build a 200MW/820MWh battery energy storage system (BESS) in Poland.

Tesla deployed more than a gigawatt-hour of battery storage in Q2 2022, but the company has been impacted by component supply issues.