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.

A 15MW/16.4MWh battery energy storage system (BESS) provided by Fluence has been inaugurated on the Portuguese island of Madeira.

Energy Vault has provided a dizzying variety of updates in its Q3 results, covering European battery storage, a green hydrogen system, a new CFO and its gravity-based energy storage deployments in the US and China.

Recently-formed developer Innovo Group is targeting a 1.5GW/9GWh lithium-ion BESS development portfolio in Italy and UK, with the first system in central Italy online in Q1 2024.

While battery storage growth in the US continues to vastly outpace that of Europe, the repurposing of used EV batteries into second life stationary storage systems is far more developed in the latter.