Battery storage failure incidents have dramatically decreased in frequency in the last few years, but the industry still needs to be more transparent and share data when incidents occur.

Infrastructure investor InfraVia has bought a majority stake in Giga Storage, a Netherlands-headquartered BESS developer which is building a 2.4GWh project in Belgium.

Inverter and BESS company Sungrow has signed a deal with developer Nofar Energy for a 230MWh project in Saxony-Anhalt, Germany.

Battery storage project development costs will continue to fall in 2024 as lithium costs decline “significantly,” according to BMI Research.

US zinc hybrid cathode battery storage manufacturer Eos Energy Enterprises has reaffirmed revenue guidance and expects to achieve a positive contribution margin this year.

UK BESS owner-operator Gresham House Energy Storage Fund has put a 50MW/50MWh project into commercial operation in Lancashire.

Renewable energy developer and operator Apex Clean Energy has completed a US$150 million financing with First Citizens Bank for two ERCOT, Texas battery energy storage system (BESS) projects.

US asset manager Stonepeak has entered Japan’s energy storage market, forming a partnership with CATL-backed developer CHC.

The Australian federal government’s 2024-2025 budget includes a major investment in clean energy manufacturing and an energy bill rebate for households.

Utility DTE Energy has launched a request for proposals (RFP), seeking approximately 120MW of standalone energy storage projects in its Michigan, US, service area.