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Dragonfly Energy Corp is targeting grid storage after SPAC listing, CAISO breached 3GW of BESS, and two updates in maritime energy storage.

Tokyo-based PowerX, Inc. has raised approximately JPY 4.15 billion (around EUR 31 million) in the first half of Series A funding to finance the establishment of the battery assembly facility “Power Base” and energy storage solutions (ESS) R&D efforts.

Ship owners are still more active in the S&P market, rather than the newbuilding one, with delays and cost increases acting a deterrents. In its latest weekly report, shipbroker Allied Shipbroking said that “activity of the newbuilding market is still subdued, being seemingly still influenced by the shipbuilding delays and disruptions in operations in China. ...

HIGHLIGHTS • Operating income of USD 229.5m (USD 76.4m) • EBITDA of USD 60.5m (USD 14.7m) including USD 22.6m from Lighthouse Navigation • Net result of USD 59.5m (USD 16.5m) • Declared ordinary dividend of USD 26.2m (NOK 1.00 per share) • Declared extraordinary dividend of USD 32.7m (NOK 1.25 per share) • TCE of ...

Pacific Basin Shipping has collaborated with Japan’s Nihon Shipyard and Mitsui & Co to investigate and develop a commercially-feasible ZEV.