Australia-based battery energy storage system (BESS) developer, owner and operator Stor-Energy has received a strategic investment from HMC Capital, an ASX-listed asset manager.
Transgrid, has indicated that 4.8GW of grid-forming BESS will be necessary to stabilise the grid in New South Wales to support renewable energy deployment.
Big investments are being made into the battery recycling sector in Europe as the continent looks to increase the domestic supply of critical materials for its lithium-ion gigafactory projects.