NHOA Energy’s EBITDA for H1 2023 dropped by 38.8% year-on-year to €1.11 million (US$1.23 million) but the company expected the EBITDA for 2023 to reach up to €10 million.

US utility company Xcel Energy has received approval from Minnesota state regulators to build a 1GWh project in the state using Form Energy’s iron-air battery storage technology.

A total of 16GW was added last year, equivalent to a 68% of year-on-year growth.

Greece has doubled its 2030 target for energy storage deployment to 3GW as it aims for a renewable electricity generation proportion of 70%.

A new 1GWh lithium iron phosphate (LFP) battery factory in Turkey serving the energy storage system (ESS) market will start production in Q4 2022.

New York state is on course to meet its new 2030 target of 6GW of storage deployment, with storage projects in its interconnection queue growing 50% to 12GW.

The Biden administration plans to use the Cold War-era Defense Production Act to ramp up mining and processing for materials integral to batteries and renewable energy, like lithium, graphite, nickel, manganese and cobalt.

Norwegian lithium-ion gigafactory startup FREYR Battery could easily dedicate half of its 2030 production capacity target of 100 GWh to energy storage and is also launching a system integrator play, CEO Tom Jensen tells Energy-Storage.news in an interview.

Reliance New Energy Limited, part of the massive Indian conglomerate, has acquired LFP battery manufacturer Lithium Werks for US$61 million two months after buying a sodium-ion battery producer.