China-based lithium-ion battery manufacturer Hithium has agreed to supply 1GWh of products to US energy storage project developer Perfect Power through a memorandum of understanding (MOU).

Huawei and BYD were among the five largest battery energy storage system (BESS) integrators globally last year, with the Chinese market going through a ‘price war’ of competition, according to research from Wood Mackenzie.

Substantial growth in China’s domestic energy storage market has led to locally-based players Sungrow and Hyperstrong becoming top five system integrators globally, S&P Global Commodity Insights said.

NHOA has put into operation a 107MWh BESS as part of an industrial microgrid project at a cement plant in Gaungdong province, China.

Hithium is in a “complete and comprehensive cooperation” with TÜV Rheinland for the development of its energy storage products in China.

Energy Vault has secured a US licensing deal for its gravity energy storage technology and awards covering its other technologies there and in Southeast Asia, it said in its Q2 results.

A battery energy storage system (BESS) project using sodium-ion technology has entered commercial operation in Qingdao, China.

Energy Vault has started commissioning its first commercial EVx gravity energy storage project in Rudong, China.

China-based, energy storage-focused lithium-ion battery manufacturer Hithium has raised US$621 million from private investors.

Norwegian ‘smart battery’ firm Hagal and China-based lithium-ion battery manufacturer Cospowers Technology have partnered to offer an energy storage solution.