KORE Power, a company developing a lithium-ion gigafactory project in the US, has closed the initial $75 million tranche of a US$150 million fundraising round.
Turkish company Kontrolmatik Technologies expects over US$900 million in incentives from the Inflation Reduction Act to 2032 for its US gigafactory, with Powin one of its first offtakers.
The renewables arm of multinational energy firm Enel has started work on a project combining wind turbines and a 34MW battery energy storage system (BESS) in Chile.
