Charley Grimston from battery storage insurance firm Altelium compares the sector’s development with the early stage of the wind market.

Energy firm EnBW has been given the go-ahead to start work on a pumped hydro energy storage (PHES) project in Germany.

BESS projects in the US need to be 40% US-made to qualify for the ITC domestic content adder, rising to 55% from 2027 onwards, the IRS has said.

System operators Amprion and E.ON are launching a series of non-wires alternative energy storage projects totalling 250MW in Germany, claimed to be the first of their kind.

Switzerland-based renewable energy firm Axpo has acquired its second energy storage development in Sweden, a co-located project with 25MW of energy storage.

Optionality is key for battery storage developers and owners when considering project augmentation, leading system integrators to enhance their augmentation offering.

Hy Stor Energy is seeking funding from the US Department of Energy for its Mississippi Clean Hydrogen Hub (MCHH), a green hydrogen storage project.

UK-based utility Octopus Energy will optimise UK battery storage projects for UAE-based Masdar, which has committed to investing £1 billion (US$1.25 million) in the country’s grid-scale market.

Oil and gas firm TotalEnergies has enlisted subsidiary Saft to deploy a 25MW/75MWh battery energy storage system (BESS) at a refinery in Antwerp, Belgium.

Global battery storage system integrator Fluence doubled its revenues in the first three months of 2023 and increased its full-year guidance again.