The fire unit at global multinational engineering firm Honeywell made its first move into lithium-ion safety in recognition of battery storage’s “huge potential” for decarbonisation and to help the world move “in a more energy efficient way”, the company has said.

Enel has completed its first grid-scale stand-alone battery, becoming the latest developer in the UK to complete a project backed by an Enhanced Frequency Response (EFR) contract from the transmission system operator.

GE Ventures, the venture capital arm of US-headquartered multinational engineering group GE, has invested in German energy storage hardware and services provider Sonnen.

Silicon Valley’s Green Charge Networks, which mainly delivers energy storage systems for commercial customers and is involved in a deal to re-purpose ‘second life’ EV batteries, has been acquired by Engie.