Vertically integrated US energy storage company Kore Power has received a conditional commitment from the US Department of Energy (DOE) for a $850 million loan for its Arizona gigafactory.
The US now has a larger pipeline of lithium-ion manufacturing projects than Europe, according to Clean Energy Associates (CEA) and Benchmark Mineral Intelligence.
Mobile battery energy storage system (BESS) firm Moxion has announced plans to build a manufacturing plant in California with 7GWh of production capacity, in a launch ceremony attended by the state governor.
European lithium-ion gigafactory firm Northvolt has completed construction of its energy storage system (ESS) production facility in Poland and expects to start production by the end of 2023.
System integrator Energy SpA and its vertically integrated peer Pylon Technologies have formed a joint venture (JV) to set up a gigafactory in Italy producing batteries for energy storage.
Utility Xcel Energy has received a US$20 million grant commitment from VC firm Breakthrough Energy for projects using Form Energy’s iron-air battery, while a sodium ion battery firm has secured bridge financing.
Israel-based thermal energy storage firm Brenmiller Energy has inaugurated a factory targeting 4GWh of annual production capacity by the end of 2023, the first such gigafactory anywhere, it claimed.
Pomega is selling the future offtake from its South Carolina ESS gigafactory into a market with “a lot of scepticism about whether US battery cell production is viable”, its VP business development told Energy-Storage.news.
