Australia’s Clean Energy Finance Corporation (CEFC) has invested AU$160 million (US$127.6 million) in a 300MW battery storage project near Geelong, Victoria.

Although there is growing interest within the energy storage industry around the National Grid’s Dynamic Containment (DC) system, operators who tap into it must be ready to adapt and maintain other revenue streams, a panel of industry experts heard this week.

Digital software company Capgemini is partnering with battery energy storage startup Verkor to help bring to life a 16GWh-capacity lithium-ion cell factory in France.

Colocating battery energy storage systems alongside renewables projects will be ‘critical’ to energy networks in the future, and could help level up debt financing.

Electricity distributor Ausgrid has launched its first community battery project in Sydney

The California Public Utilities Commission (CPUC) has amended aspects of its grid transparency tool to make it easier to deploy energy storage solutions in the state, following a motion from the Interstate Renewable Energy Council (IREC).

Finland has launched a new battery development strategy and is touting for investors to build up its manufacturing industry.

European member states are to bankroll dozens of projects to create new battery manufacturing solutions.

Despite the fall in unit prices for energy storage, a total of US$3.6 billion of investment was committed to energy storage projects in 2020, around the same amount as in 2019.

Energy company Total and solar-plus-storage developer 174 Global, a division of Hanwha Group, have formed a joint venture to develop utility-scale solar and storage projects with a total capacity of 1.6GW in the US.