The latest Firm Dispatchable Renewable Energy (FDRE) tender, hosted by the Solar Energy Corporation of India (SECI), has selected winners.

US renewable energy company Ormat Technologies has signed a 15-year contract for an 80MW/320MWh BESS project in California.

Arizona utility Salt River Project has signed agreement for dispatch rights to 250MW/1,000MWh battery energy storage system (BESS) project.

Japan is one of the most talked-about emerging grid-scale energy storage markets in Asia, and featured prominently at the Energy Storage Summit Asia.

SSE Renewables has revealed plans to progress a 1.8GW pumped hydro project at Loch Fearna, Scotland, UK.

According to Mercom Capital, companies in the energy storage space raised US$15.4 billion in corporate funding globally in the first half of 2024.

The Japanese government has published the list of battery aggregators that successfully applied to a scheme to promote energy storage systems.

Italian renewables company Redelfi has launched an energy storage development platform in the US, while US investor Bluestar Energy Capital has entered the European market.

Peak Energy, a startup claiming to be the ‘first American venture to advance globally proven sodium-ion battery systems,’ has raised US$55 million in a Series A funding round.

Tesla has agreed to supply US solar PV and energy storage developer Intersect Power with 15.3GWh of its Megapack battery storage solution.