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.
Utility Colbún has inaugurated a solar-plus-storage project with a 32MWh battery energy storage system in the Atacama region, the first of an 800MW deployment target.
The renewables arm of multinational energy firm Enel has started work on a project combining wind turbines and a 34MW battery energy storage system (BESS) in Chile.
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.
