BESS projects in the US need to be 40% US-made to qualify for the ITC domestic content adder, rising to 55% from 2027 onwards, the IRS has said.

Wärtsilä will supply two 10MW/10MWh battery energy storage systems to a utility in the Cayman Islands.

Global energy company RWE will bring a 72MW battery energy storage system (BESS) online in November in Werne, Germany, the first of two connected systems totalling 112MW, a spokesperson told Energy-Storage.news.

New Fluence CEO Julian Nebreda is likely to oversee a period with less rapid top-line growth but a greater emphasis on making that growth profitable, an equity analyst told Energy-Storage.news.

Swiss Life Asset Managers has acquired a 50% stake in BCP Battery Holding, a company with several utility-scale battery energy storage system (BESS) developments in Germany.

German battery energy storage system (BESS) project developer Tricera Energy has built its business using ‘second use’ battery modules from the country’s automotive sector, its COO told Energy-Storage.news.

Global system integrator Fluence increased its revenues for the first three months of 2022, its second quarter, 249% to US$343 million.

Power company AES Bulgaria has signed a non-binding memorandum of understanding (MoU) with the Bulgarian ministry of energy to assist the country in its decarbonisation transition.

Developer Open Road Renewables has proposed a battery energy storage system (BESS) in Indiana which will total 131MW/524MW of storage, the company’s President exclusively told Energy-storage.news.

Construction work has started on a 30MWh pumped hydro storage project in Western Australia.