Specialist renewable energy insurance company kWh Analytics considers thermal runaway to still be the single most important risk that energy storage system developers must consider.

World leaders attending COP29 next month have been encouraged to sign a pledge to collectively increase global energy storage capacity to 1,500GW by 2030.

Energy storage developer Energy Vault has inked a new partnership with Enervest Group to supply a 1GWh battery energy storage system (BESS) in New South Wales, Australia.

Australia’s energy minister, Chris Bowen, confirmed yesterday (21 October) that the government is seeking around 4GW of dispatchable power, such as energy storage, and 6GW of renewable energy generation in the next Capital Investment Scheme (CIS) tender round.

Developer and IPP Elevate Renewables will deploy a grid-forming BESS at a fossil fuel peaker plant in Connecticut, US, with US$27.5 million from the Department of Energy (DOE).

Gore Street Energy Storage Fund will provide a Goldman Sachs subsidiary with power from its Big Rock BESS in California via a 12-year, fixed price Resource Adequacy (RA) contract.

Australian zinc-bromide flow battery manufacturer Redflow has ceased operations with administrators unable to find a buyer.

Installed battery storage capacity in California has grown from just 500MW in 2018 to more than 13,300MW at the latest count.

US utility Dominion Energy Virginia has outlined options for meeting future power demand, including an additional 12GW of PV and 4.5GW of battery storage.

Minister of the Environment and Energy Security Gilberto Pichetto has signed a decree allowing Italy to proceed with its energy storage capacity market auction, known as MACSE, in the first half of 2025.