Energy storage funds managed by UK-based Gore Street Capital and Gresham House increased their net asset value (NAV) per share in 2022, but by very different rates.

The faulty activation of sprinkler system forced the decommissioning of the LG batteries which were eventually stolen from Terra-Gen’s Valley Center BESS in California, the company told Energy-Storage.news.

Project claimed to be the first of its kind in the US, utilising the highest temperature thermal storage tech in the world has gone online.

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

Ameresco has nearly completed its three-site, 2.1GWh battery energy storage system project for utility Southern California Edison.

Zinc battery firm Eos Energy Enterprises had a disappointing Q4 2022 with revenue falling both year-on-year and quarter-on-quarter, although its orders booked and order backlog continue to grow strongly.

The battery packs stolen from the Valley Center Energy Storage project in California were decommissioned and awaiting recycling, developer Terra-Gen told Energy-Storage.news.

CSI Energy Storage, part of Canadian Solar, will supply 487MWh of its battery energy storage solution Solbank to developer Aypa Power.

Energy technology firm Wärtsilä completed a 125MW/250MWh battery storage project for REV Renewables in California in time to help CAISO deal with record heatwave conditions in September 2022.

UK-listed Gore Street Energy Storage Fund has acquired its first asset in California, a 200MW/400MWh battery energy storage system project from developer Avantus.