Despite macroeconomic challenges, Gore Street’s asset value surged 45% over six months as ancillary service revenues stayed strong.

ILOS Projects has secured a €500 million (US$531 million) structured finance facility from global energy and infrastructure investor EIG.

Developer Kyon Energy, investor Obton and system integrator ECO STOR have commissioned 27.6MW/32.4MWh of battery storage across two sites in Germany.

Residential battery storage capacity in Europe is set to reach 9.3GWh by the end of the year, according to SolarPower Europe.

European utility and power generation firm RWE is building two co-located energy storage projects totalling 10.6MW in North-Rhine Westphalia, Germany.

Fenecon has begun construction of factory in Germany which will repurpose electric vehicle (EV) batteries into stationary storage systems.

Munich-headquartered international banking firm Berenberg has provided debt financing for two battery energy storage projects in eastern Germany totalling 32MWh.

Smart charging and vehicle-to-grid (V2G) specialist The Mobility House has raised a US$50 million internal Series C.

Global energy firm RWE has finalised its investment decision for two battery energy storage systems (BESS) totalling 220MW, in North Rhine-Westphalia (NRW), Germany.

Gigafactory firms Northvolt and Britishvolt have commented on news reports that economic conditions are negatively affecting their plans, in statements provided to Energy-Storage.news.