New South Wales has been warned that it must accelerate the development of battery energy storage systems to meet its 2030 targets.

Energy Vault has entered what it has described as “one of the world’s fastest-growing energy storage markets,” acquiring a portfolio of development projects in Japan.

What does the combination of regulatory, supply chain and market pressures mean for the cost of building large-scale BESS this year?

Gridstor and Axpo have executed an energy storage revenue swap agreement for a 220MW/440MWh BESS in Galveston County, Texas.

Multinational power firm Engie has acquired two large-scale BESS projects in Spain, paired with synchronous condensers and has launched construction on a BESS in France.

Private Energy Partners has submitted a hybrid energy project to Australia’s environmental approval process, proposing a 780MW BESS.

The Canadian Province of Prince Edward Island’s PEI Energy Corporation (PEIEC) has issued a request for expressions of interest (REOI) for a 10-50MW, four-hour duration battery energy storage system (BESS).

IPPs Zelestra, BNZ and ALFI have secured offtake and financing to hybridise solar projects with BESS across Spain, Italy, Portugal and Romania. 

Amid growing interest in Japan’s battery storage market, a consortium of major Japanese businesses is targeting 174MW of deployments.

Carbon dioxide-based long-duration energy storage (LDES) company Energy Dome and digital infrastructure company New Era Energy & Digital (NUAI) have signed a memorandum of understanding (MOU) to deploy Energy Dome’s CO2 Battery Plus technology in Odessa, Texas.