Sweden-headquartered lithium-ion technology Northvolt has concluded its strategic review, revealing it is divesting or ceasing non-core activities, sharpening its focus to battery cell manufacturing and reducing its workforce.
Germany-headquartered utility and IPP RWE will build a 7.5MW/11MWh battery energy storage system (BESS) in the Netherlands with grid-forming inertia capabilities.
Italian renewables company Redelfi has launched an energy storage development platform in the US, while US investor Bluestar Energy Capital has entered the European market.
Energy storage fund investment manager Gore Street has released its full-year results, reiterating how internationalisation helped it weather falling revenues in the UK – though not enough to maintain its dividend level.
Vehicle-to-grid (V2G) specialist The Mobility House is moving into large-scale BESS project development and optimisation in Germany, starting with a 750MW project.