NREL: US utility-scale energy storage costs grew 11-13% in Q1 2022
Energy storage costs in the US grew 13% from Q1 2021 to Q1 2022, said the National Renewable Energy Laboratory (NREL) in a cost benchmarking analysis.
Romania Ministry of Energy to financially support at least 620MWh of BESS deployments
The Minister of Energy of Romania will provide up to €103 million in financial support for battery energy storage systems deployments in the country.
Why battery storage servicing should be in the hands of dedicated providers
It’s time the battery storage industry adopted an approach to servicing like the model widely adopted by the global solar PV industry.
Batteries earn big in European ancillary services, but investors warned of high expectations
Energy crisis resulted in high ancillary services revenues for battery storage, with some assets earning four times more than expected.
Tesla EV battery packs repurposed into energy storage systems in Finland and California
Finland and California-based second life energy storage firms Cactos and Smartville Inc have raised nearly US$10 million to commercialise systems using repurposed Tesla EV batteries – we talk to both company founders.
Vanadium redox flow battery (VRFB) firm Invinity Energy Systems has secured a 15MWh order from industrial technology company Everdura in Taiwan, its largest to date.
KORE Power, a company developing a lithium-ion gigafactory project in the US, has closed the initial $75 million tranche of a US$150 million fundraising round.
Approval granted in Australia for the first battery storage project to share grid connection point with an existing generation asset in National Electricity Market.
Turkish company Kontrolmatik Technologies expects over US$900 million in incentives from the Inflation Reduction Act to 2032 for its US gigafactory, with Powin one of its first offtakers.
