Energy Vault has confirmed its increased guidance for 2022, posting US$146 million in revenue of which two-thirds came in Q4.

Nispera, the asset performance management platform for renewable energy acquired by Fluence has begun managing battery storage assets.

Global battery storage system integrator Fluence grew revenues 78% and doubled its gross profit margin in October-December 2022, its first financial quarter under the helm of new CEO Julian Nebreda.

Slovenia state-owned utility Dravske elektrarne Maribor (DEM) is planning two battery storage units totalling 60MW as well as a pumped hydro energy storage (PHES) plant.

ACWA Power and the government of Azerbaijan have signed an agreement for a battery energy storage system in the central Asian country.

Duke Energy has installed its first solar-and-battery microgrid capable of powering an entire town in North Carolina, while a mixed technology microgrid will add resilience to a new hub at JFK Airport.

Infrastructure developer and investor Equis is seeking approval for a 200MW/800MWh battery storage project in Queensland, Australia.

The Philippines Department of Energy (DOE) has outlined new draft market rules and policies for energy storage, a month after the country allowed 100% foreign ownership of renewable energy assets.

TAE Technologies, a company involved in developing nuclear fusion technologies, has launched a subsidiary focusing on stationary energy storage and electric transport.

Energy Vault is expecting full-year revenue for 2022 of US$142-152 million, ahead of previous guidance of US$75-100 million.