US$18 million Series B closed by H2 Inc, a South Korea-headquartered manufacturer of redox flow battery energy storage systems.

Another serving of news in brief from around the world in energy storage.

SolarEdge has begun producing test cells for certification at its newly opened lithium-ion cell gigafactory in South Korea.

Ongoing supply chain challenges and the impact of Russia’s war on Ukraine have affected the quarterly revenues of LG Energy Solution.

Vanadium flow battery supplier Invinity Energy Systems has signed a memorandum of understanding with the power and industrial systems arm of Korean conglomerate Hyosung Corporation to commercialise its batteries in South Korea and elsewhere.

Update 5 April 2022: A Hyosung Heavy Industries representative told Energy-Storage.news the BESS will be 48MW rated output with 192MWh capacity.

South Korean energy company SK E&S is now the new owner of US utility-scale energy storage developer, owner and operator Key Capture Energy. 

News in brief from around the world in energy storage.

China has once again been ranked top for involvement in the global lithium-ion battery supply chain by BloombergNEF, but for the first time the US has come in second amid a policy rush to support the domestic industry. 

South Korean energy company SK E&S has agreed to acquire Key Capture Energy, a developer, owner and operator of grid-scale battery energy storage systems (BESS) in various regions of the US including Texas and New York.