Energy Superhub Oxford, a project with a lithium-ion-vanadium hybrid battery energy storage system (BESS) totalling 55MW, has officially launched.

European gigafactory company Northvolt has signed a US$1.1 billion convertible note to finance the expansion of its lithium-ion battery production, ahead of a potential IPO in the next two years.

Fluence has signed a deal for its third battery energy storage system (BESS) project in Taiwan, its biggest in the region so far.

Intersect Power has secured US$750 million funding to take its portfolio of renewables, energy storage and green hydrogen projects beyond 8GW.

News in brief from around the world in Energy Storage.

The first 500MWh of SMC Global Power’s battery storage portfolio has been installed.

ArcLight views its portfolio of existing thermal power plant assets as “excellent potential locations for battery projects”.

US battery energy storage system (BESS) integrator Jupiter Power has turned its second 200MWh BESS online in Texas, bringing its total capacity in the state’s market to 450MWh.

Swiss Life Asset Managers has acquired a 50% stake in BCP Battery Holding, a company with several utility-scale battery energy storage system (BESS) developments in Germany.

Construction has begun on the first of four battery energy storage systems (BESS) totalling 200MW/200MWh from global system integrator Fluence in Lithuania.