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Welcome to the newsletter from India's Union Budget 2022-2023 offered a significant boost for energy storage and we've heard from expert voices at research group WRI India and the India Energy Storage Alliance who explain and analyse it in detail. Saft is deploying energy storage at the first colocated solar and battery project in France to connect to the high voltage grid. Microsoft and Google are among a cohort of new members at the Long Duration Energy Storage Council which launched at COP26. Elsewhere, we hear that confidence runs high in the UK market, an 880MW pumped hydro plant prepares to go into action, Invinity will supply Canada's largest vanadium flow battery system to a solar-plus-storage project, Fluence has partnered with renewables software and market data specialist Pexapark and Energy Vault claims a 100MWh gravity energy storage system is being built in China using its proprietary technology. All this and much more on the site.

The latest from Energy Storage News

India’s Union Budget ‘addresses energy storage industry’s biggest financing concerns’

The Indian government’s decision to classify grid-scale energy storage as infrastructure addresses the industry’s “biggest concerns” by making investments easier to facilitate, has heard. 

Saft supplying BESS to France’s first grid-connected colocated solar and battery storage project

France’s first high-voltage transmission grid-connected battery project colocated with a solar PV plant will be equipped with a battery energy storage system (BESS) from Saft.

Microsoft and Google join Long Duration Energy Storage Council

Microsoft, Google and 10 other companies have joined the Long Duration Energy Storage (LDES) Council, a CEO-led organisation launched at COP26 in November to push for the global deployment of technologies that can store and discharge energy for eight hours or longer.

UK investor confidence in battery storage grows, as industry does too

Investors are now becoming more comfortable with battery storage in the UK, with projects being profitable and cost-effective, according to industry experts.

Iberdrola’s 880MW pumped hydro plant in Portugal to go online in mid-2022

Iberdrola expects its 880MW pumped hydro plant at the Tâmega energy storage complex in northern Portugal to become fully operational in the middle of this year. 

Invinity to deploy vanadium flow battery at solar-plus-storage project in Alberta, Canada

Invinity Energy Systems will supply vanadium redox flow battery (VRFB) technology to a solar-plus-storage project in Alberta, Canada.

Fluence continues diversification with renewables market software firm partnership

Energy storage specialist Fluence and renewable energy market software and advisory firm Pexapark have entered into a long-term strategic partnership, confirming Fluence’s accelerated push into wider renewable energy and energy storage software services.

Energy Vault claims 100MWh gravity storage project in China will begin construction in Q2

A 100MWh gravity-based energy storage system developed by Energy Vault is expected to begin construction in China in the second quarter of this year, the Swiss-American startup has claimed. 

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