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.

Norway-based thermal energy storage company Kyoto Group has signed a letter of intent (LOI) to deploy an 88MWh system in Spain in the second half of 2023.

Equinor has approved the final investment decision of its first battery energy storage asset in the UK.

Norwegian state-backed credit agency Eksfin is providing US$100 million in guarantees for three co-located energy storage projects in South Africa from renewable energy developer Scatec.

The past week has seen thermal energy storage solution companies strike or execute on commercial deals across Norway, Greece, Israel and South Africa.

European gigafactory group FREYR’s new technology resources campus and business unit in Japan could see it partner with companies in addition to existing technology provider 24M, CEO Tom Jensen told Energy-Storage.news.

Norwegian state-owned energy company Equinor will acquire a US-based developer of grid-scale battery energy storage projects.

FREYR Battery will go ahead with construction of its first battery gigafactory in Norway, which has announced a National Battery Strategy.

Norway-headquartered renewable energy group Statkraft is not taking the same bullish approach to Germany’s standalone utility-scale battery energy storage market as others, the company’s head of wind & solar Germany Clause Urbanke told Energy-Storage.news.

Norwegian lithium-ion gigafactory startup FREYR Battery has signed a binding agreement with renewable energy group Statkraft covering 2024-31 for its first two gigafactories.