UK-headquartered Zenobē Energy attracted the most venture capital (VC) funding of any company in the energy storage industry during 2023, as found by Mercom Capital.

Oil and gas major Shell is putting its residential battery storage and virtual power plant (VPP) company sonnen up for sale, according to German outlet Handelsblatt.

US-listed private equity firm KKR is to acquire joint control of UK battery storage developer Zenobē in partnership with existing investor Infracapital, according to reports.

Vanadium producer Largo Inc has appointed financial advisors to undertake a “strategic review” of its downstream energy storage deployment arm Largo Clean Energy.

French multinational utility ENGIE has agreed to acquire the battery storage business of US developer Broad Reach Power.

The second life energy storage market is about to enter a consolidation phase, CEO of Mercedes-Benz Energy tells Energy-Storage.news.

East Point Energy, a US-based clean energy developer, is on its first drive to buy up projects since the company’s acquisition by Equinor.

Corporate funding of energy storage companies exceeded US$26 billion worldwide in 2022, a 55% jump from 2021’s total US$17 billion.

Masdar has acquired battery storage developer Arlington Energy in a bid to expand its presence in UK and European renewables markets.

Japanese tech conglomerate Hitachi has bought the remaining 19.9% stake held in Hitachi Energy by its joint venture partner ABB.