Corporate funding into battery storage companies rebounded in Q2, but remains lower than in 2022 or 2021 so far.

Australian renewables and storage developer Genex Power has switched on its first battery storage project and entered a joint development agreement (JDA) with Japan’s J-Power.

Renewable energy developer TagEnergy has closed a €570 million (US$622 million) green bond for its solar, wind and energy storage pipeline in the UK, Europe and Australia.

Energy optimisation software provider Peak Power has received US$35 million investment, while startup Financial Machines has launched its own platform, with both targeting the US energy storage market.

Oneida, which will mix long-term contracted revenues with merchant risk exposure in Ontario, Canada, has reached financial close.

Bitech has received a Letter of Intent from Nam Viet Green Energy for solar, battery storage project financing and execution.

NHOA is on track to achieve a targeted 10x growth in its business, but will require funds from its parent company to complete the task.

A battery storage subsidiary of maritime company BW Group has committed to investing in Swedish energy storage developer Ingrid Capacity.

Energy Dome, the European startup with a long-duration energy storage system technology based on CO2, has closed its Series B funding round.

Corporate funding activity into battery storage companies in the first quarter of 2023 fell considerably year-on-year and quarter-on-quarter, according to research from Mercom Capital.