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.

Energy Vault has provided a dizzying variety of updates in its Q3 results, covering European battery storage, a green hydrogen system, a new CFO and its gravity-based energy storage deployments in the US and China.

Asset manager BlackRock has acquired US battery energy storage developer Jupiter Power from EnCap Investments.

China continues to lead rankings for involvement in the global battery supply chain, but the chasing pack of other countries is in flux.

Lithium-ion gigafactory company FREYR has chosen the state of Georgia for its planned US production facility amidst reports it is in talks to raise US$500 million from private equity firm KKR.

While battery storage growth in the US continues to vastly outpace that of Europe, the repurposing of used EV batteries into second life stationary storage systems is far more developed in the latter.

GlidePath has started operating Byrd Ranch, a 50MW battery energy storage system in Texas, US, which will be optimised by Habitat Energy.

Smart charging and vehicle-to-grid (V2G) specialist The Mobility House has raised a US$50 million internal Series C.

Invinity Energy Systems and Eos Energy Enterprises are providing long duration energy storage systems to the ‘biggest renewables microgrid project in the US’, being developed for the Viejas Tribe of Kumeyaay Indians in Southern California.

A roundup of US energy storage news from Powin Energy, Tesla and Homer Electric, and Rome-based Energy Dome.