Polarium, a Swedish manufacturer of lithium-ion based battery energy storage systems (BESS) technology, has been valued at over a billion dollars.

Zenobē has begun construction of its 50MW/100MWh battery storage asset in Scotland.

FreeWire Technologies, a battery-integrated EV charging solution provider, has raised US$125 million in new capital from global asset manager BlackRock and other investors.

Tesla made 846MWh of battery energy storage system deployments in the first quarter of this year.

A solar-plus-storage power plant, deployed at the site of an opencast lignite mine in Germany, is almost ready to go into action.

NTPC, a state-owned power producer and utility company in India, has signed a Memorandum of Understanding with Energy Vault.

News in brief from around the world in energy storage.

Ongoing supply chain challenges and the impact of Russia’s war on Ukraine have affected the quarterly revenues of LG Energy Solution.

The US Department of Energy Loan Programs Office has committed US$504 million to a 300GWh hydrogen storage project in Utah and another US$107 million to a graphite facility in Louisiana.

Peaker plant in Queensland which would have relied on 1,000MW of gas generation will instead combine turbines and batteries.