Energy Vault and Kore Power have announced a master supply agreement (MSA) which will see Kore supply 1.3GWh of US-made batteries in 2025, potentially rising to 7GWh by 2027.

Construction is set to begin on a battery storage project in Japan through JV involving CATL with utility Shikoku Electric Power.

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

Li-Cycle, a North America-based company focused on lithium-ion battery recycling, has opened a black mass production facility in Germany.

System integrator Eco Stor is planning to build a 300MW/600MWh battery energy storage system (BESS) in Saxony-Anhalt, Germany, one of the largest projects in Europe.

Lithium-ion battery and energy storage system (ESS) manufacturer Microvast has announced plans to set up an ESS manufacturing plant in Colorado, US, which will be operational this year.

Germany-based BESS integrator Intilion and its parent company Hoppecke have decided not to pursue a public listing because of the ‘current capital markets environment’.

China-based, energy storage-focused lithium-ion battery manufacturer Hithium has raised US$621 million from private investors.

Fire incidents have been reported within weeks of each other at two separate lithium-ion battery storage projects in the US state of New York.

Metals group BASF has begun commissioning on what it claimed is the first combined battery cathode materials production and recycling plant, in Germany.