LG Energy Solution saw its revenues fall 30% in the second quarter of the year amidst a global EV market slowdown, and the company says its ESS segment could help offset this.

The benefits of advances in cell technology, which improve the performance and lifetime of battery storage systems, can be directly passed onto customers.

Tesla more than doubled its ‘all-time-high’ quarterly deployment numbers for energy storage in the second quarter of this year.

According to Mercom Capital, companies in the energy storage space raised US$15.4 billion in corporate funding globally in the first half of 2024.

In this Q&A, Enel North America CEO Paolo Romanacci discusses the IPP’s operational BESS projects, pipeline and deployments as well as his views on wider US industry challenges.

Peak Energy, a startup claiming to be the ‘first American venture to advance globally proven sodium-ion battery systems,’ has raised US$55 million in a Series A funding round.

Tesla has agreed to supply US solar PV and energy storage developer Intersect Power with 15.3GWh of its Megapack battery storage solution.

Hithium has become the latest overseas player to seek to onshore production of battery energy storage system (BESS) equipment and components in the US.

The Vecco Critical Minerals Project, an AU$798 million (US$540 million) initiative aiming to unlock upstream battery manufacturing, has been declared a “coordinated project” by the Queensland government in Australia.

While Chinese companies dominated the square footage at ees Europe / Intersolar Europe in Munich last month, some project developers are still keen on prioritising products made closer to home.