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.

US battery energy storage system (BESS) integrator Jupiter Power has turned its second 200MWh BESS online in Texas, bringing its total capacity in the state’s market to 450MWh.

Swiss Life Asset Managers has acquired a 50% stake in BCP Battery Holding, a company with several utility-scale battery energy storage system (BESS) developments in Germany.

Construction has begun on the first of four battery energy storage systems (BESS) totalling 200MW/200MWh from global system integrator Fluence in Lithuania.

News in brief, from another busy week for our colleagues reporting on the UK battery storage market at Solar Power Portal.

A pumped hydro energy storage (PHES) plant with a capacity of 20GWh in Valais, Switzerland, will begin operations on Friday, 1 July.