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.

News
December 1, 2022
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.
News
December 1, 2022
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.
News
December 1, 2022
National Grid Renewables has commenced operations at its Noble solar-plus-storage project in Denton County, Texas.
News
December 1, 2022
Irish government has launched a consultation to help direct the development of a policy framework for energy storage.
News
December 1, 2022
Approval granted in Australia for the first battery storage project to share grid connection point with an existing generation asset in National Electricity Market.
News
December 1, 2022
A 49MW battery storage system has just been commissioned at a floating diesel power plant in Mindanao, Philippines.
News
November 30, 2022
A 30MW battery energy storage system has been inaugurated by transmission system operator (TSO) ISA CTEEP in Brazil.
News
November 30, 2022
Powin Energy will source components from SMA America for 2GW of battery storage systems.
News
November 30, 2022
Rio Tinto has announced the latest steps in its plan to deploy 1GW of renewable energy for its operations in Pilbara, Australia.
News
November 29, 2022
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.

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