Oslo-based second life battery storage solutions firm Evyon has raised €8 million (US$8.3 million) in a pre-Series A fundraising round, led by VC firm Sandwater.
Electriq Power looks set to become the latest in a series of SPAC listings in the energy storage sector, with the US home energy storage firm set to hit a US$495 million valuation.
Philippines power generator and utility Aboitiz Power will put a 49MW battery energy storage system into commercial operation this month, and has started construction on another.
Lithium-ion gigafactory company FREYR has chosen the state of Georgia for its planned US production facility amidst reports it is in talks to raise US$500 million from private equity firm KKR.
Recently-formed developer Innovo Group is targeting a 1.5GW/9GWh lithium-ion BESS development portfolio in Italy and UK, with the first system in central Italy online in Q1 2024.
While battery storage growth in the US continues to vastly outpace that of Europe, the repurposing of used EV batteries into second life stationary storage systems is far more developed in the latter.
Invinity Energy Systems and Eos Energy Enterprises are providing long duration energy storage systems to the ‘biggest renewables microgrid project in the US’, being developed for the Viejas Tribe of Kumeyaay Indians in Southern California.
Nissan, Renault and Mercedes-Benz are at the forefront of providing EV batteries for companies developing second life battery energy storage systems (BESS), but the market for such batteries is still thinly-traded.
Developer On.Energy is deploying 39MWh of battery energy storage systems (BESS) at airports across Latin America (LATAM), Energy-Storage.news can reveal.
