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”.

Japanese conglomerate Marubeni has acquired a 25MW wind and energy storage project in Wales, UK, from developer RES.

Germany-based flow battery company VoltStorage has been granted a venture debt loan of €30 million (US$33 million) by the European Investment Bank (EIB), guaranteed by the European Commission.

Drax Group has secured development consent for a 600MW underground pumped storage hydro (PSH) plant in Scotland, UK.

Pre-construction activities commenced this week on Rangebank BESS, a 200MW/400MWh project in Victoria, Australia.

NHOA Energy’s EBITDA for H1 2023 dropped by 38.8% year-on-year to €1.11 million (US$1.23 million) but the company expected the EBITDA for 2023 to reach up to €10 million.

The US Department of Energy will commit US$30 million in new awards and funding opportunities for energy storage solutions.

Battery energy storage system (BESS) developer Field has received a £200 million (US$257.96 million) investment from DIF Capital Partners.

With the rise of AI-driven solutions for optimisation of trading using battery energy storage system (BESS) assets, Prudence Heck and Andrew Young of Spearmint Energy consider strategies and risks.

Our mid-year series continues with a look back at all 12 Guest Blogs published during the first six months of this year.