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.

Volatility and demand for distributed energy solutions in Australia are among the motivations for UK’s GridBeyond to set up offices there.

Renewable energy developer ZEN Energy has taken on responsibility for a 600-800MWh battery energy storage system (BESS) project in Western Australia while the regional government is funding a downstream graphite facility project for battery applications at the same location.

Debt and equity financing worth US$1.9 billion has been closed for one of the US’ largest solar-plus-storage power plants to date.

Li-Cycle has been selected as preferred battery recycling partner to LG Chem and LG Energy Solution for their North America operations.

New York Power Authority has started a process of adapting fossil fuel peaker plant sites to host battery storage which could replace them.