US$380 million in support for long-duration energy storage projects in California has been included in the state’s budget for 2022-2023. 

LG Energy Solution will use proceeds from its initial public offering (IPO) this month to feed into growing the company’s manufacturing capacity significantly in Europe, the Americas and Asia.

Battery storage is begin assessed as a means to maximise the value of solar PV in Vietnam, with asset management group Dragon Capital having hired consultancy AqualisBraemar LOC Group (ABL Group) to conduct feasibility studies. 

A lithium-ion battery energy storage system (BESS) engineered to be installed underwater will be paired with small-scale wave energy converters in a trial supported by the US Department of Energy (DoE). 

The asset management group of investment banking firm Goldman Sachs is making a US$250 million investment into advanced compressed air energy storage (A-CAES) company Hydrostor.

FlexGen Power Systems will deploy 10 battery energy storage systems (BESS) for electric cooperatives in North Carolina, the energy storage technology provider and systems integrator’s home state. 

Chile has published details of its latest power auction set to take place later this year that will contract 5,250GWh per annum for 15 years.

France-headquartered renewable power producer Voltalia brought online a 32MW / 32MWh battery energy storage system (BESS) project in southern England in December, the company’s second UK battery project.

A 1.5GW offshore wind power plant in South Korea will be paired with energy storage provided by so-called ‘next generation’ lithium-ion batteries.

Gravity-based energy storage technology company Energy Vault has formed a strategic partnership with non-ferrous metals smelting and refinery company Korea Zinc, including a US$50 million investment commitment.