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

Developer NGEN Smart Grid Systems has completed a 10.3MW/20.6MWh standalone battery storage project in Austria, the largest in the country, it claimed.

Israel-based renewable energy firm Enlight’s US subsidiary Clēnera has signed a 20-year power purchase (PPA) with utility Arizona Public Service (APS) for a solar-plus-storage project.

Total installed battery storage capacity in the US reached 12.689GW by the end of the second quarter, S&P said.

A recent report by UK Electricity Networks Commissioner Nick Winser laid out how to halve the time needed to build up the grid infrastructure for net zero.

Proposed new ancillary service market rules could adversely impact business case for battery storage, Cornwall Insight Australia says.

More than AU$1 billion (US$0.65 billion) of financial commitments to large-scale battery energy storage system (BESS) projects were made in Australia in the second quarter of this year.

ACCURE has raised €7.2 million for its analytics solutions that can enable a “proactive approach to safety” in the battery storage industry.  

Since the Inflation Reduction Act, US$270 billion of US clean energy investment has been announced while downstream projects in development have hit 185GW – 80% and 92% higher than four months ago.

Second life energy storage firm Stabl has raised €15 million, while its CEO told Energy-Storage.news the second life market will “struggle with the deteriorating performance of their systems in the coming years”.