LG will use an energy management system developed by Fractal EMS for commercial and industrial energy storage systems in the US market.

Matrix Renewables, the platform backed by private equity firm TPG, has secured tax equity financing of US$92 million for two solar-plus-storage projects in California with 80MWh of energy storage.

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.

Oil and gas major Chevron has pulled out of plans to acquire an equity interest in ACES Delta, the 300GWh green hydrogen energy storage project in Utah, it confirmed to Energy-Storage.news.

Solar and storage EPC and O&M provider Borrego has completed the construction of 15 solar-plus-storage projects across New York and Massachusetts totalling 169MWh, for AES Corporation.

Canadian Solar subsidiary Recurrent Energy has acquired two standalone energy storage projects in development totalling 400MWh in the ERCOT, Texas market.

Lithium-ion battery recycling specialist Li-Cycle reported US$8.7 million in revenues for the quarter ended April 30, 2022, more than double the previous quarter.

US energy storage industry is going strong despite delays due to supply chain issues, interconnection queue waiting times and other factors.

News in brief from around the world in energy storage.

Around 60% of new solar projects planned in US utility service areas are hybrid resources paired with storage. Recurrent Energy’s Lucas Moller explains the appeal.