Alfen has reported a 526% year-on-year increase in half-year revenues for its battery energy storage business segment.

Enersense International has been enlisted to provide maintenance services on four battery storage projects in Lithuania deployed by Fluence.

Construction has begun on a 30MW battery energy storage system (BESS) in Finland, developed by Glennmont Partners, local IPP Ilmatar, and deployed by ESS firm Alfen.

Huge wind power deployments and the limitations of the existing fleet of pumped hydro energy storage (PHES) are driving the battery storage market in Finland, a local system integrator said.

Finland telecommunications firm Elisa has received €3.9 million from the government to form a VPP using batteries which could be the largest of its kind in Europe.

Developers Taaleri Energia and Merus Power have partnered to deploy a 30MW/36MWh battery energy storage system in Finland, one of the country’s largest.

European Commission has given green light for state aid towards development of a large-scale pumped hydro energy storage in Finland.

Finland and California-based second life energy storage firms Cactos and Smartville Inc have raised nearly US$10 million to commercialise systems using repurposed Tesla EV batteries – we talk to both company founders.

Japanese petroleum firm Idemitsu has invested in a vanadium mining, processing and electrolyte production project in Australia, while two other major vanadium projects have progressed.

The Ministry of Economic Affairs and Employment in Finland has granted €19.5 million (US$19.3 million) to a hybrid plant project combining wind, solar and 25MW/50MWh of battery storage.