Turkish group Kontrolmatik Technologies has increased the output of its planned energy storage-focused gigafactory in the US by 50%, thanks to the Inflation Reduction Act (IRA) which passed today.

E-mobility and energy storage company New HOrizons Ahead (NHOA) has started installation work on an LFP-based 100MW/200MWh battery energy storage system (BESS) in Western Australia, the state’s largest.

Another edition of our news in brief from around the world in energy storage, this time focusing on product announcements.

Brookfield Renewable has proposed a 644MWh battery storage system to compete in the Ontario grid operator’s RfP.

Battery energy storage systems (BESS) cost base has increased 25% in the past year, the head of storage for global energy technology group Wärtsilä told Energy-Storage.news.

Energy technology company Wärtsilä is supplying 500MW/2,000MWh of battery energy storage systems (BESS) to PV projects operated by Clearway Energy Group in Hawaii and California, US.

Whilst growing in popularity for stationary energy storage, one project developer tells Energy-Storage.news that LFP batteries deliver lower returns than NMC ones, a claim we then put to battery intelligence firm ACCURE.

FREYR Battery will go ahead with construction of its first battery gigafactory in Norway, which has announced a National Battery Strategy.

Mitsubishi Power is entering the European energy storage market with four BESS projects totalling 371MWh for ION Renewables in Ireland.

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.