Norwegian firms Morrow Batteries and Eldrift have announced a non-binding offtake agreement for 1.5GWh of Morrow’s lithium iron phosphate (LFP) batteries.

Construction has started on two battery energy storage system (BESS) projects in Idaho which will be delivered by Powin Energy.

Groundbreaking has taken place for a manufacturing hub in West Virginia, US, to be powered by a large-scale solar-plus-storage microgrid.

Powin “very close” to announcing first US factory, company working to extend its reach into new markets including the UK.  

Our Next Energy (ONE) has raised US$300 million for its LFP cell gigafactory in Michigan while Turkish Kontrolmatik has started building its plant in South Carolina.

Singapore has surpassed its 2025 energy storage deployment target, with the official opening of Southeast Asia’s biggest BESS.

Gotion High-Tech aims to build gigafactory in Thailand targeting the electric vehicle (EV) and stationary storage markets.

Microvast, a Texas-headquartered company manufacturing battery cells and storage systems, has won 1.2GWh battery storage deal.

Lithium-ion battery pack prices have gone up 7% in 2022, marking the first price rise since BloombergNEF began its surveys in 2010.

Turkish company Kontrolmatik Technologies expects over US$900 million in incentives from the Inflation Reduction Act to 2032 for its US gigafactory, with Powin one of its first offtakers.