Global residential energy storage shipments fell year-on-year for the first time in the second quarter of 2023, S&P Global said, amidst less energy price volatility, high inventories and rising costs.

Renewable energy developer BayWa r.e. has got the green light to develop and build a 3-hour duration battery energy storage system (BESS) in the UK, set to come online in 2026.

Solar Module Super League (SMSL) member JinkoSolar is supplying large-scale battery energy storage systems (BESS) to customers in Nigeria and Japan, totalling 20MWh of combined capacity.

The energy storage market in Poland is “not an undersupplied one”, has higher financing costs and there is a two-year window in which you need to get in to capitalise on the opportunities, said renewable energy developer and IPP Aquila Clean Energy.

Canada-based firm Moment Energy has secured UL 1974 certification for second life energy storage production, the first in North America to do so, the company said.

The transferability provisions under the Inflation Reduction Act (IRA) in the US “will unlock billions” in capital for clean energy, said financing firm Evergrow as it claimed the first tax credit transfer transaction.

Audrius Baranauskas, head of innovation at Lithuanian TSO Litgrid, talked Energy-Storage.news through its 200MW storage-as-transmission BESS units, deployed by system integrator Fluence.

Four battery energy storage system (BESS) units at a Microsoft data centre in Sweden from Saft have entered operation, while ABB has added ZincFive as a technology supplier for its own UPS solutions.

Developers Innova and Banks Renewables have progressed two large-scale battery energy storage system (BESS) projects in the UK totalling 3.7GWh of capacity.

Developer Hexagon is talking to investment bankers with a view to selling a portfolio of battery storage projects in the ERCOT, Texas market, totalling 2GW.