US installs 5GWh of battery storage in H1 2022 but overall clean power deployments fall

Some 5GWh of utility-scale battery energy storage was deployed in the first half of 2022, up one third while wind and solar fell 50-70%, according to American Clean Power (ACP).

LG Energy Solution: Lockdowns, logistics and materials prices cause dip in profitability

LG Energy Solution has seen a drop in its profitability which according to the company’s CFO was largely caused by industry headwinds.

South Africa’s Eskom confirms contract awards for 1,440MWh battery storage

South Africa’s primary electricity supplier Eskom has announced details of forthcoming major battery storage deployments.

Manchin-Schumer-backed Inflation Reduction Act includes ITC for energy storage

Hopes have been raised once again that US lawmakers could introduce an investment tax credit for energy storage.

Energy storage-integrated EV charging comes of age in Germany

The German battery storage-integrated EV charging space had a busy July, with startup Numbat raising €10m-plus in capital and Volkswagen and JOLT Energy opening charging parks.

Analysis, Features, Guest blog
August 8, 2022
When partnered with artificial intelligence (AI), the next generation of battery energy storage systems (BESS) will give rise to radical new opportunities.
News
August 8, 2022
The Inflation Reduction Act took a significant step forward over the weekend as US vice-president Kamala Harris cast a decisive vote.
News
August 8, 2022
Wirsol Energy has received development approval for its Maryvale solar and energy storage project in New South Wales (NSW), Australia.
News
August 5, 2022
Bank CIT will be the lead arranger of financing for Swell Energy’s pipeline of behind-the-meter commercial energy storage projects in California.
News
August 5, 2022
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.
News
August 5, 2022
Stem Inc grew revenues 246% in quarter two 2022 and ended the period with a contracted backlog of US$727 million.
News
August 5, 2022
Bechtel has been selected to work on design and planning of a large-scale pumped hydro energy storage (PHES) project in Queensland.
News
August 5, 2022
The Department of Planning and Environment in New South Wales gave development approval to a proposed 500MW/1,000MWh battery storage project.
News
August 4, 2022
US geothermal energy company Ormat Technologies’ energy storage division achieved gross margin of 25.3% in Q2 2022.
News
August 4, 2022
Private equity firm ArcLight Capital Partners has agreed to acquire 185MW of operational wind farms and 80MWh of battery energy storage system (BESS) developments from GlidePath Power Solutions.

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