There is a long way to go before the new standalone storage investment tax credit (ITC) starts to really make a dent in the market, speakers and delegates at the Energy Storage Summit USA last month said.

Technology innovator Microvast recently launched its new Energy Division with the release of an industry-leading battery energy storage system.

Sumitomo Electric will step up its VRFB business in the US, with plans to invest in local production and installation capabilities.

Microvast, a Texas-headquartered company manufacturing battery cells and storage systems, has won 1.2GWh battery storage deal.

Inflation Reduction Act legislation is an unexpected “huge shot in the arm” for that could double the addressable domestic market.

Pilot production has been established by an Australian company making lithium-ion battery storage solutions designed for hot climates.

Fluence is forming a new company with independent power producer (IPP) ReNew Power, aimed at providing energy storage solutions in India.

A state government-owned energy corporation in Queensland, Australia, is looking to build a list of preferred suppliers of large-scale battery energy storage system (BESS) technology.