Fluence said the company is on track to grow revenues by almost a third on “multi-year” basis, leading to breakeven EBITDA in 2024.

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

United Airlines has become an investor in Natron Energy as the world’s first sodium-ion gigafactory is opened in China.

Powin Energy will source components from SMA America for 2GW of battery storage systems.

CellCube and North Harbour Clean Energy in talks to build factory in Australia with 1GW/8GWh annual production capacity.

Fenecon has begun construction of factory in Germany which will repurpose electric vehicle (EV) batteries into stationary storage systems.

Gotion is in a joint venture (JV) building a lithium iron phosphate (LFP) cell gigafactory in Vietnam, targeting EV and ESS sectors.

Energy storage hardware and software technology provider Fluence has opened its third global testing facility, in Pennsylvania, US.

China continues to lead rankings for involvement in the global battery supply chain, but the chasing pack of other countries is in flux.

H2 Inc, a South Korean vanadium flow battery company, has begun construction of a factory with 330MWh annual manufacturing capacity.