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.

Energy-Storage.news caught up with Energy Vault CEO Robert Piconi to primarily discuss its gravity-based energy storage solution which, putting it mildly, has its fair share of sceptics.

Energy Vault will reveal new form factors to its EVx gravity-based energy storage solution which could deliver the “lowest cost of energy storage in the world”, CEO Robert Piconi claimed to Energy-Storage.news.

The US Department of Energy (DOE) has cancelled a US$200 million grant application from lithium-ion battery firm Microvast, which rejected any links to the Chinese government.

Energy Vault secured 2.8GWh of project orders in the first quarter of 2023 and revealed that it has invested in Kore Power, the US lithium-ion battery and BESS firm, though booked revenues fell 75%.

Battery energy storage system (BESS) integrator Powin has announced a 3GWh purchase agreement with China-based lithium-ion battery supplier Rept.

Gravitricity has partnered with firms in the US and Germany to deploy its gravity energy storage solution while Energy Vault has provided an update on its China project.