Austin-based potassium-ion battery startup Group1 says its technology has comparable energy density to lithium iron phosphate (LFP), and that it is aiming for a large-scale launch of its product by 2027.

As Virginia’s push towards one of the country’s most ambitious energy storage targets gets underway, pilot battery storage projects have been brought online.

Broad Reach Power is the latest US battery storage industry player to announce US$100 million or more in financing over the past few weeks.

Startup Spearmint Energy has become the latest developer to acquire a large-scale battery storage project in Texas.

VoltStorage, a developer and maker of energy storage systems using vanadium flow batteries, has raised €24 million (US$24.3 million) in a Series C.

The German battery storage-integrated EV charging space had a busy July, with startup Numbat raising €10m-plus in capital and Volkswagen and JOLT Energy opening charging parks.

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

Hornsdale Power Reserve battery storage system in South Australia now has upgraded capabilities, enabling it to provide inertia to the grid.

Startup Group1 is seeking to commercialise cathode materials for potassium-ion batteries, a world-first, while Northvolt is seeking to build batteries using a tree-derived carbon material lignin.

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