Huge wind power deployments and the limitations of the existing fleet of pumped hydro energy storage (PHES) are driving the battery storage market in Finland, a local system integrator said.

The battery storage sector is about to enter its first ever phase of large-scale augmentations of systems as they reach 3-5 year degradation points and there are questions over how this will pan out, Burns & McDonnell told Energy-Storage.news.

ESS Inc ended 2022 with nearly 800MWh of annual production capacity for its iron flow battery, although had a relatively poor last financial quarter with just US$15,000 in revenue.

Developer Available Power and Linxon, a joint venture between engineering firm SNC-Lavalin and Hitachi Energy, are targeting 1GW of battery storage projects in the ERCOT, Texas market.

Zinc battery firm Eos Energy Enterprises had a disappointing Q4 2022 with revenue falling both year-on-year and quarter-on-quarter, although its orders booked and order backlog continue to grow strongly.

The battery packs stolen from the Valley Center Energy Storage project in California were decommissioned and awaiting recycling, developer Terra-Gen told Energy-Storage.news.

West Virginia governor Jim Justice has signed off on a US$105 million grant to Form Energy for its iron-air battery plant in the state in a ceremony.

Managing your battery energy storage system (BESS) supply chain is a complex issue with no easy fixes, according to leading developers, system integrators and investors.

The US Department of Energy’s Loan Programs Office (LPO) has announced a US$375 million loan to lithium-ion recycling firm Li-Cycle to finance its material recovery facility in Rochester, New York.

The broader portfolio and management team are critical to securing investment for individual energy storage projects, said senior figures at asset managers Blackrock and Impax.