ILOS Projects has secured a €500 million (US$531 million) structured finance facility from global energy and infrastructure investor EIG.

Australian energy ministers’ agreement to tender for renewable energy and energy storage is a “major breakthrough in federal policy”.

The average cost of a data breach in the energy industry is US$6.39 million for a single incident, according to research published by IBM.

Gotion High-Tech aims to build gigafactory in Thailand targeting the electric vehicle (EV) and stationary storage markets.

New South Wales has pledged financial support to pumped hydro project, while state’s first grid-scale BESS is in full commercial operations.

Uptick in energy storage investment in region still largely powered by coal, experiencing population and energy demand growth.

The US industry deployed more than 5GWh of energy storage in the third quarter of 2022, close to half the entire amount of storage installed in the country in 2021.

In the past few days, EU policymakers have made decisions on key aspects of legislation that have been welcomed by industry group EASE.

Eight large-scale BESS projects in Australia have been selected to receive funding support worth AU$176 million.

New Zealand state-owned energy company Meridian Energy has committed to a 100MW battery storage project with BESS to be provided by Saft.