The US Department of Energy (DOE) has provided US$7.9 million for a 50MWh battery energy storage project using second life EV batteries in the ERCOT, Texas market, by Element Energy and NextEra Energy Resources.
American Battery Factory, a new firm planning a network of lithium iron phosphate (LFP) battery manufacturing facilities in the US, has chosen a site in Arizona for its first.
Planned lithium-ion battery gigafactory capacity in the US has grown twice as fast as in Europe since the Inflation Reduction Act was passed, Benchmark Minerals Intelligence told Energy-Storage.news.
Engineering firm KBR will work with Shell to design an energy storage facility combining green hydrogen and battery storage at a wind farm off the coast of the Netherlands, the first of two similar pieces of news.
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.
Cost inflation and supply chain issues have forced California utility PG&E to increase the prices it will pay for 2GWh of battery storage projects, in a move which has been approved by regulators.
KORE Power, a company developing a lithium-ion gigafactory project in the US, has closed the initial $75 million tranche of a US$150 million fundraising round.
