News in brief from around the world in energy storage.

Energy storage technology company Tesvolt has concluded a funding round, raising around €40 million (US$45.25 million) in equity capital.

Battery capacity has started to come online at what is claimed to be the world’s largest project to combine solar PV and battery storage at the same site, in California. 

US$219 million of financing has been secured by developer Plus Power for the 185MW / 565MWh Kapolei Energy Storage (KES) project in O’ahu, Hawaii. 

We have the technological tools to decarbonise, but can we do so at pace and scale? It depends on the politics, says James Basden, co-founder and director of Zenobe Energy.

Fluence’s initial public offering (IPO) raised just under a billion dollars, with all available shares of the energy storage company’s Class A common stock snapped up as they listed on the Nasdaq Global Select Market. 

Financial close has been reached for a 25MW / 100MWh battery energy storage system (BESS) project in Belgium which has also been successful in a grid capacity auction alongside gas-fired power plants.  

Fluence’s share price jumped 25% on their first day of trading on the Nasdaq Global Select Market. 

Shares of Class A common stock of energy storage tech company Fluence are expected to begin trading on the Nasdaq Global Select Market today (28 October). 

Lithium batteries have definitely changed the game for the energy transition, but require smart technologies and strategies to optimise them — which can be equally important.