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

GE Hydro Solutions has installed the final of four 300MW turbines at a pumped hydro energy storage plant in Anhui Province, China.

Energy Vault is expecting full-year revenue for 2022 of US$142-152 million, ahead of previous guidance of US$75-100 million.

A roundup of the biggest projects, financing and offtake deals in the sector that Energy-Storage.news has reported on this year.

A 200MW/400MWh BESS has gone live in Ningxia, China, equipped with Hithium lithium iron phosphate (LFP) cells.

The hydropower subsidiary of General Electric’s renewables business has installed first pair of 300MW turbines at pumped hydro site in China.

United Airlines has become an investor in Natron Energy as the world’s first sodium-ion gigafactory is opened in China.

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.