Residential energy storage startup Base Power has raised US$1 billion in Series C financing from venture capital fund Addition.

Chinese lithium-ion OEM Hithium will push forward with its planned IPO on the Hong Kong Stock Exchange (HKEX).

Australia’s most powerful BESS, the 850MW Waratah Super Battery, achieved its first full discharge to the NEM last week.

On 10 October, electricity prices in New South Wales, Australia, reached the Market Price Cap of AU$20,300/MWh (US$13,307/MWh).

Honeywell, LS Electric, esVolta, Sitetracker, PairedPower, PHNXX, and Energy Toolbase are collaborating on new initiatives to advance energy storage installations across the US.

BESS asset management in the UK has moved beyond the rudimentary ‘project delivery and basic O&M’ approach, a speaker at the upcoming Battery Asset Management Summit UK & Ireland explained in a Q&A.

Community-owned public power utility Denton Municipal Electric (DME) has signed a power purchase agreement (PPA) with Jupiter Power covering offtake from one of the developer-operator’s standalone BESS projects destined for Robertson County in Texas. 

The New South Wales Independent Planning Commission has approved ACEnergy’s 250MW/1,100MWh Yanco battery energy storage system in Australia.

H.I.G. Capital-backed energy platform, Greenflash Infrastructure, has closed a hybrid tax capital and debt financing for Project Soho, a 400MW/800MWh standalone battery storage project in Brazoria County, Texas.

GoldenPeaks Capital (GPC) and Huawei Polska have signed a Memorandum of Understanding (MoU) on a Battery Energy Storage System (BESS) cooperation focusing on 500MWh grid-forming BESS in Europe.