Two 5MW/10MWh battery storage units have entered commercial operation in Vermont, US, owned by Strata Clean Energy, deployed by LS Energy Solutions, and financed using the new investment tax credit (ITC).
Stem Inc is on track to meet its target of achieving positive EBITDA during 2023, the company claimed as it posted a 63% year-on-year quarterly revenue increase in its latest financial results.
Connecticut utilities Eversource, and UI and a quasi-state bank have together launched the next 100MW tranche of a programme aimed at incentivising 580MW of customer-sited energy storage projects.
Deutsche Telekom has announced the first battery energy storage system installation in a 300MWh rollout in Germany, with Norwegian firm Pixii the technology provider.
German commercial and industrial (C&I) energy storage system firm Tesvolt is investing €60 million in a new manufacturing hub at its headquarters in Lutherstadt Wittenberg.
Fuergy, a Slovakia-based company providing energy storage and management solutions, has raised €16 million (US$17.4 million) from local private equity firm Pro Partners Holding.
