Energy Vault has provided a dizzying variety of updates in its Q3 results, covering European battery storage, a green hydrogen system, a new CFO and its gravity-based energy storage deployments in the US and China.

China continues to lead rankings for involvement in the global battery supply chain, but the chasing pack of other countries is in flux.

Construction has started on a 350MW/1.4GWh compressed air energy storage (CAES) unit in Shangdong, China.

Recent policy developments in the US and European Union represent a considerable uplift to prospects for global energy storage deployment.

The mismatch between supply and demand for lithium batteries presents a challenge to the global transition to sustainable energy.

Shanghai-based WeView has raised US$56.5 million in several rounds of financing to commercialise the zinc-iron flow battery energy storage systems technology originally developed by ViZn Energy Systems.

Gravity-based energy storage company Energy Vault has been issued a mandate for an initial 2GWh of its proprietary solution at net-zero industrial parks in China.

The construction of battery cell factories catering specifically for stationary energy storage means competition for supply with the EV sector will cool off in the next couple of years.

Gravity-based energy storage company Energy Vault expects US$680 million in combined revenue over 2022 and 2023, it claimed in its recent quarterly results.

Commissioning has taken place of a 100MW/400MWh vanadium redox flow battery (VRFB) energy storage system in Dalian, China.