Solar PV inverter manufacturer Sungrow has signed a 253MWh battery energy storage system (BESS) contract with Doral Renewable Energy Resources Group, its third in Israel this year.

Vanadium flow battery supplier Invinity Energy Systems has signed a memorandum of understanding with the power and industrial systems arm of Korean conglomerate Hyosung Corporation to commercialise its batteries in South Korea and elsewhere.

Californian investor-owned utility San Diego Gas & Electric has released its decarbonisation roadmap study.

Japanese conglomerate Mitsui & Co. has invested in a 1,300MW wind-plus-solar-plus-storage project development in India.

Zinc battery energy storage system provider Eos Energy Systems finished 2021 with an order backlog of US$148.7 million and a net loss for the year of US$124.2 million.

A new 1GWh lithium iron phosphate (LFP) battery factory in Turkey serving the energy storage system (ESS) market will start production in Q4 2022.

Philippines’ investor-owned utility AboitizPower and Norwegian renewables group Scatec have signed a EPC agreement with Hitachi Energy for it to build a 20MW/20MWh battery storage system, set to go online in 2024.

New York state is on course to meet its new 2030 target of 6GW of storage deployment, with storage projects in its interconnection queue growing 50% to 12GW.

Lucky Cement, the largest cement producer in Pakistan, is launching a solar-plus-storage project with 5.589MWh of energy storage, which it claims would be the largest in the country.

The high rates of return in the UK energy storage market seen in the last 6-12 months are unlikely to continue going forward as capex costs increase and ancillary markets saturate.