Germany-based BESS integrator Intilion and its parent company Hoppecke have decided not to pursue a public listing because of the ‘current capital markets environment’.

Germany-based battery energy storage system (BESS) integrator Intilion is planning to go public with an IPO in the third quarter of the year.

Electriq Power looks set to become the latest in a series of SPAC listings in the energy storage sector, with the US home energy storage firm set to hit a US$495 million valuation.

Lithium-ion battery pack manufacturer Dragonfly Energy expects revenues to increase 47% this year, during which it will complete a Nasdaq listing through a SPAC merger, before doubling in 2023.

Power equipment supplier and system integrator Alfen is putting energy storage and EV chargers on a football stadium in its Dutch homeland, while the company is reportedly considering a stock market flotation.