Sodium-ion battery technology firm Peak Energy has emerged from stealth, with US$10 million in funding and a management team comprising ex-Northvolt, Tesla, Enovix and SunPower executives.

This year has seen major energy storage deployment plans announced by telecommunications network operators in Finland and Germany, and substantial fundraises by ESS firms targeting the segment.

The US Department of Energy (DOE) has shortlisted the projects to receive US$325 million for long-duration energy storage (LDES), with technology providers including Energy Dome, Invinity, Form Energy and Redflow.

CPS Energy, a municipal utility serving San Antonio, Texas, has launched a request for proposals (RFP) for up to 500MW of energy storage projects.

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. 

Geothermal and battery storage firm Ormat Technologies and lithium-ion manufacturer Gotion have agreed a multi-year supply deal totalling up to 750MWh.

Enel North America has brought five battery energy storage system (BESS) projects online in ERCOT, Texas, totalling 369MW/555MWh of energy storage.

With the RE+ clean energy expo in Las Vegas, US, coming to an end, we bring you a roundup of the major energy storage product announcements, including from Hithium, Sunwoda and Power Edison.

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.