Vanadium redox flow battery (VRFB) company Invinity Energy Systems is raising up to £56 million (US$70 million), in large part to take direct stakes in downstream projects in the UK, as the company’s chief commercial officer explained to Energy-Storage.news.

The UK residential energy storage market has moved from primarily being about coupling with solar PV to one where users seek to take advantage of time-of-use tariffs, solutions provider GivEnergy told Energy-Storage.news.

US vehicle-to-grid (V2G) technology company Nuvve has entered a strategic partnership with Chinese battery and energy storage solutions manufacturer Guangzhou Great Power.

Developers Agilitas Energy and On.Energy have raised a total US$125 million in debt financing towards solar, energy storage and hybrid solar-plus-storage projects in the US.

Natron Energy has started commercial-scale operations at its sodium-ion battery manufacturing plant in Michigan, US, and elaborated on how its technology compares to lithium-ion in answers provided to Energy-Storage.news.

California now has more than 10GW of battery storage, with Governor Gavin Newsom hailing the state’s “energy storage revolution,” which is underway.

This Friday Briefing looks at the battery manufacturing race that Europe and the US are set to get into, with both currently trailing far behind leader China.

China-based companies Sungrow and Eve Energy are seeing substantial growth in their energy storage product shipments.

Tesla made ‘all-time high’ energy storage deployments in the first quarter of this year, ‘leading to record profitability’ for its energy business line, CEO Elon Musk has said this week.

According to IEA and BloombergNEF, battery storage was the most invested-in energy tech, with biggest-ever growth in deployments recorded.