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.

Battery storage has a big role to play in helping reduce renewable energy curtailment in California but the amount of shedded load will still grow in 2023, an analyst told Energy-Storage.news.

Large-scale battery storage systems will be used to increase the efficiency of natural gas peaker plants in California.

MoU signed by subsidiary of India’s Oil & Natural Gas Corporation (ONGC) for a large-scale battery storage project in Assam.

Dominion Energy South Carolina has contracted a power purchase agreement for US$200 million solar-plus-storage power plant in the state.

The California Independent System Operator (CAISO) has enacted market rule changes to make it easier for energy storage to provide grid ancillary services and help grid reliability.

ILOS Projects has secured a €500 million (US$531 million) structured finance facility from global energy and infrastructure investor EIG.

During first China-Arab States Summit, Sungrow signed battery storage supply agreement for Saudi Arabia’s new ‘smart city’ megadevelopment.

Energy crisis resulted in high ancillary services revenues for battery storage, with some assets earning four times more than expected.