Aware Super has identified a “significant strategic opportunity” to invest in an energy storage project developer.

Battery storage is the most obvious medium-term solution to help stabilise the grid and act as a catalyst to enable renewable energy.

Volkswagen has started construction of its 40GWh battery cell gigafactory in Salzgitter, Germany, and the company plans to dedicate capacity to grid-scale energy storage in future.

Quinbrook developing A$2.5 billion ‘Supernode’ site in Queensland for storing energy and data that would include 2,000MWh of battery storage.

Aer Soléir has signed an investment and co-development deal for 510MW of battery storage projects in Italy with Altea Green Power.

European gigafactory company Northvolt has signed a US$1.1 billion convertible note to finance the expansion of its lithium-ion battery production, ahead of a potential IPO in the next two years.

Some anticipated lithium-ion battery gigafactory projects in Europe are quietly revising their plans and may not open at all, according to the head of energy storage for research and consulting company Delta-EE.

Intersect Power has secured US$750 million funding to take its portfolio of renewables, energy storage and green hydrogen projects beyond 8GW.

Grid-scale battery storage has emerged as the preferred option to ensure reliable electricity supplies in regions of New South Wales, Australia.

News in brief from around the world in Energy Storage.