When it comes to realising the benefits of Inflation Reduction Act (IRA) incentives, the US energy storage industry has barely scratched the surface of what’s possible, according to FlexGen’s Yann Brandt.

Blackrock-owned developer Akaysha and Japanese conglomerate Itochu have entered into a strategic alliance to develop battery storage projects in Japan.

Gresham House has released annual accounts for the first half of 2023, showing lower H1 2023 revenues and a drop in share value.

Confirming reports made earlier this week, UK battery storage developer Zenobē Energy has secured c.£600 million from investment firm KKR.

UK battery storage project developer Clearstone Energy has unveiled the first project in a 2.2GW pipeline, the largest by an independent developer, it claimed.

Ikea stores owner Ingka Investments has partnered with developer Apex Clean Energy and system integrator Powin for a battery storage project in Texas, US, set to come online imminently.

Amp Energy has made a grid connection agreement for a large-scale battery storage project in South Australia which has been welcomed by ministers in the state’s government.

Thermal energy storage companies Kyoto Group and Brenmiller have inaugurated and won funding approval for projects in Denmark and Israel, respectively.

US-listed private equity firm KKR is to acquire joint control of UK battery storage developer Zenobē in partnership with existing investor Infracapital, according to reports.

Polarium, a Sweden-headquartered energy storage system manufacturer, has raised SEK562 million (US$48.3 million).