Facilities aimed at making products for the BESS industry announced by Turkey-headquartered Kontrolmatik and Ireland-headquartered Eaton.

A 214 acre site which will host a battery cell gigafactory in Arizona, US, has been acquired by KORE Power.

A new 1GWh lithium iron phosphate (LFP) battery factory in Turkey serving the energy storage system (ESS) market will start production in Q4 2022.

Canadian Solar shipped just under 900MWh of battery storage in 2021 but expects to double that figure this year. 

Industry-watchers will closely follow how the recently completed acquisition of energy storage system integrator NEC ES by LG Energy Solution pans out.

LG Energy Solution, the battery technology arm of South Korea’s LG Group, has completed its acquisition of 100% ownership in battery energy storage system (BESS) integrator NEC ES.

Vertically-integrated solar PV company Canadian Solar has raised US$150 million through a share offering, with proceeds set to help the manufacturer expand its energy storage arm.

Canadian Solar subsidiary CSI Solar has signed a strategic cooperation framework agreement with Contemporary Amperex Technology Co. Ltd. (CATL) that will focus on energy storage and renewable energy technology.

The government of Queensland will commit “at least AU$10 million (US$7.21 million)” to building a multi-user vanadium processing plant to capitalise on natural resources in the Australian state.

Trina Storage launched its new lithium iron phosphate (LFP) utility-scale battery storage cabinet and Sungrow launched its new line of residential battery storage at Intersolar Europe last week.