Europe needs to act now to prevent an outflow of investment from its burgeoning battery manufacturing ecosystem in light of the US’ Inflation Reduction Act, the EU-founded European Battery Alliance (EBA) has said.

Investor Claritas and system integrator Hynfra Energy Storage (HES) have signed a framework agreement to deploy half a gigawatt of utility-scale battery energy storage in Poland.

The European Union parliament has voted on amendments to REPowerEU which will see its accelerated permitting for renewable projects expanded to include standalone energy storage.

Developers OX2 and Ingrid Capacity have started work on two battery storage projects totalling 60MW of power in Sweden.

Planned lithium-ion battery gigafactory capacity in the US has grown twice as fast as in Europe since the Inflation Reduction Act was passed, Benchmark Minerals Intelligence told Energy-Storage.news.

A 50MW/100MWh battery energy storage system, the largest in continental Europe, has been inaugurated in Belgium by developer Corsica Sole.

Energy crisis resulted in high ancillary services revenues for battery storage, with some assets earning four times more than expected.

Tender to pair hydro plants in Ukraine with battery storage, amid reports of massive damage to the country’s grid and generation fleet.

Munich-headquartered international banking firm Berenberg has provided debt financing for two battery energy storage projects in eastern Germany totalling 32MWh.

Oslo-based second life battery storage solutions firm Evyon has raised €8 million (US$8.3 million) in a pre-Series A fundraising round, led by VC firm Sandwater.