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Schematic of the new JV business. Image: RENOVA Inc.

Japanese oil major Idemitsu’s energy storage JV launches with 15MW BESS project

August 3, 2023
Idemitsu Kosan, Japan’s biggest petroleum producer, has launched an energy storage business and announced its first lithium battery project.
colombia italy matrix emeren

Developers Emeren and TPG-backed Matrix in 1.5GW Italy battery storage agreement

June 28, 2023
Developers Emeren and Matrix Renewables, part of private equity firm TPG, intend to launch a development service agreement (DSA) for 1.5GW of battery storage in Italy.
Hagal Cospowers EMS bess energy storage solution lithium-ion OEM

EMS startup Hagal and battery OEM Cospowers launch energy storage JV

June 6, 2023
Norwegian ‘smart battery’ firm Hagal and China-based lithium-ion battery manufacturer Cospowers Technology have partnered to offer an energy storage solution.
An artist's rendering of the Mornington BESS project. Image: Maoneng.

Maoneng begins 480MWh BESS project to help Australian tourist region manage electricity demand

April 11, 2023
Maoneng joint venture has begun work on a 240MW/480MWh battery energy storage system project in Mornington Peninsula region of Victoria.
linxon battery energy storage ercot texas

Available Power and Hitachi Energy’s JV entity target 1GW deployments in Texas market

March 1, 2023
Developer Available Power and Linxon, a joint venture between engineering firm SNC-Lavalin and Hitachi Energy, are targeting 1GW of battery storage projects in the ERCOT, Texas market.
Illustrative rendering of a solar-plus-storage project with LG ES containerised BESS. Image: LG Energy Solution.

LG Energy Solution, Hanwha in US energy storage battery partnership

January 16, 2023
LG Energy Solution and Hanwha, two major players in battery and renewable energy tech, aim to establish battery storage manufacturing in the US.
Signing of the MoU in Guwahati, Assam. Image: ONGC.

India’s Oil & Natural Gas Corporation in MoU for 500MWh battery storage project in Assam

January 13, 2023
MoU signed by subsidiary of India’s Oil & Natural Gas Corporation (ONGC) for a large-scale battery storage project in Assam.
The plant will have an initial 1GWh annual production capacity before quickly ramping up to double that by 2025. Image: NV Gotion.

Gotion JV plans EV and BESS battery pack and module gigafactory in Thailand

December 20, 2022
Gotion High-Tech aims to build gigafactory in Thailand targeting the electric vehicle (EV) and stationary storage markets.
freyr nidec jv fundraise battery gigafactory clean energy investment

FREYR raises US$265 million and forms Nidec JV

December 6, 2022
Norwegian lithium-ion gigafactory firm FREYR has raised over a quarter of a billion dollars and completed the previously-announced JV with Nidec Corporation to develop energy storage solutions.
The factory's groundbreaking ceremony held on 18 November. Image: VinGroup.

Gotion building Vietnam’s first LFP gigafactory

November 21, 2022
Gotion is in a joint venture (JV) building a lithium iron phosphate (LFP) cell gigafactory in Vietnam, targeting EV and ESS sectors.

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US DOE funds energy storage tech for critical facilities backup and resiliency demonstrations

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US grid-scale BESS market could shrink by almost a third in 2026, Wood Mackenzie says

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Clean energy experts weigh in as US Senators vote on tax reconciliation bill

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Local authorities enact moratoriums on large-scale BESS development in Oregon, New York

‘Africa’s largest standalone BESS’ reaches commercial close in South Africa

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