News of major project acquisitions in another busy week for the UK battery storage market.

Japanese petroleum firm Idemitsu has invested in a vanadium mining, processing and electrolyte production project in Australia, while two other major vanadium projects have progressed.

More corporate funding went into energy storage companies in the first nine months of 2022 than in the entirety of last year.

Spanish renewables platform Matrix Renewables has closed financing for construction of its Gaskell 2 and 3 solar-plus-storage projects.

Australia’s budget includes nearly AU$25 billion for clean energy to ease cost of living pressures as well as help fight climate change.

Tunisian utility STEG is planning to build a 400-600MW pumped hydro energy storage plant, for a 2029 commissioning date.

Maoneng Group has received equity investment to fast track some of Australia’s biggest battery storage projects.

Manufacturing firm Arxada has started producing Prussian blue materials for Natron sodium-ion battery production while US-based Mitra Chem has hired EPC firm Bechtel to design its LFP cathode facility.

Balance Power and TagEnergy have partnered to build, own and operate 500MW of battery energy storage system (BESS) projects across the UK.

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