Stem Inc has posted close to a 200% increase in revenues in both its fourth quarter and full-year financial results for 2022.

The New Jersey Board of Public Utilities has proposed a number of policies to incentivise the deployment of standalone energy storage, to help hit a 2GW target.

This edition of news in brief from around the world in energy storage focuses on small-scale but potentially significant deployments. 

Funding has been raised towards the execution of two battery energy storage projects in Virginia and Texas with a total capacity of 400MW / 1,400MWh, from a partnership of two investment groups and a power project development company.

Talen Energy Corporation, a US power and infrastructure development group with 13GW of mostly fossil fuel assets in its portfolio to date has said that it is developing a gigawatt of battery storage projects.

UK-headquartered distributed energy services provider Kiwi Power has made its first official expansion into the US, operating in the ERCOT market of Texas and planning a further step into the PJM Interconnection service area.

GE Renewable Energy, an arm of the US engineering giant, will supply 100MWh of battery energy storage systems (BESS) to three projects being developed by Convergent Energy + Power in California.

Convergent Energy + Power, a US-Canadian project developer which has attracted investment from the venture capital arm of Statoil, has acquired 40MW of flywheel energy storage already in operation in grid-balancing markets in New York State and Pennsylvania.

News in brief from around the world of energy storage.