At the end of 2024, Australian renewable energy developer ZEN Energy, in partnership with Taiwan’s HD Renewable Energy (HDRE), announced plans to establish a joint venture in Australia that will target 1GW of energy storage capacity.

Vanadium redox flow battery (VRFB) manufacturer VRB Energy intends to build two factories in China through a joint venture (JV) and one in the US through a new subsidiary.

BW ESS and its partner Penso Power have signed the first long-term tolling agreement for a single battery energy storage system (BESS) asset in Great Britain with Shell Energy Europe.

A 25MW/55MWh battery energy storage system (BESS) has been commissioned by operator Renalfa IPP, using technology provided by Chinese firms Hithium and Kehua.

US asset manager Stonepeak has entered Japan’s energy storage market, forming a partnership with CATL-backed developer CHC.

The spinout and change in ownership of Mitsubishi Power Americas’ energy storage activities into standalone unit Prevalon will make it as ‘nimble and fast-moving as possible’, its CEO said, while not ‘chasing market share for the sake of market share’.

SK Gas and SK D&D, two companies in the South Korean SK Group conglomerate, have entered a joint venture (JV) for the ownership of energy storage facilities in the US with Apex Clean Energy.

Idemitsu Kosan, Japan’s biggest petroleum producer, has launched an energy storage business and announced its first lithium battery project.

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.

Norwegian ‘smart battery’ firm Hagal and China-based lithium-ion battery manufacturer Cospowers Technology have partnered to offer an energy storage solution.