Prices of lithium and the battery supply chain for energy storage systems are becoming manageable once again, but lead times for transformers and other equipment have greatly extended.

Developer Redeux Energy Partners has enlisted Marathon Capital to sell a solar and storage portfolio with 160MW/640MWh of battery storage in the MISO and SERC grid territories. 

A dedicated energy storage investment division has been launched by Foss & Company, an investment and investment services firm which specialises in tax credit transactions, with US$3 billion targeted by 2028.

System integrator Wärtsilä has signed an MSA with Eve Energy while peer Powin is targeting 5GWh of US-made BESS equipment in its supply chain by 2025.

China-headquartered lithium-ion battery manufacturer Gotion High-Tech has announced a new US$2 billion gigafactory in Illinois, US, targeting the EV and energy storage system (ESS) markets.

Zinc battery storage company Eos Energy Enterprises has received positive news from the US Department of Energy (DOE) regarding a US$398.6 million loan.

New York’s governor Kathy Hochul has welcomed the start of commercial operations at the US state’s first BESS project in public ownership.

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

Origis Energy plans to use funding facility to develop 2GW of large-scale solar and energy storage projects in the US.