Californian investor-owned utility (IOU) San Diego Gas & Electric (SDG&E) is seeking tax credits under the Inflation Reduction Act (IRA) for its upcoming energy storage projects, which it said would enable it to reduce electricity rates for its customers.

The US Department of Energy has identified 1,800 sites in Alaska that could be suitable for new pumped hydro energy storage systems.

The government of Spain is launching €280 million (US$310 million) in grants for standalone energy storage projects, thermal energy storage and reversible pumped hydro to go online in 2026.

State-sponsored investment fund NY Green Bank, will lend US$25 million to NineDot Energy, a developer of energy storage systems in New York.

UK energy infrastructure development company Carlton Power has secured planning consent for a 2,080MWh battery energy storage scheme (BESS).

More than 5% of Spain’s renewable energy generation could face economic curtailment between 2025 and 2030, but long-duration energy storage (LDES) could reduce or eliminate that need.

Australian high voltage grid operator Transgrid will host a competitive solicitation for large-scale battery storage resources in areas of New South Wales facing increasing electricity demand.

Leap, a provider of software to aggregate distributed energy resources into VPPs, has raised US$12 million equity investments.

Developer Eku Energy, backed by global investor Macquarie, and system integrator NHOA will start building two battery energy storage system (BESS) projects totalling 130MWh.

The backing of new Electricity Market Design proposals by the European Parliament is welcome, but the plan still falls short in its support for energy storage technologies.