There is a long way to go before the new standalone storage investment tax credit (ITC) starts to really make a dent in the market, speakers and delegates at the Energy Storage Summit USA last month said.

Development banks IFC and AfDB have financed co-located projects in Malawi and Eritrea which collectively total 25MW of energy storage.

The Ministry of Economy and Sustainable Development in Croatia has issued a €60 million (US$66 million) Call for Funds which seeks projects for renewables, energy efficiency and energy storage totalling 20MWh.

Kadri Simson has described energy storage as vital for the energy transition, yet often “overlooked” in plans and strategies.

Corporate funding activity into battery storage companies in the first quarter of 2023 fell considerably year-on-year and quarter-on-quarter, according to research from Mercom Capital.  

The massive buildout of battery storage in the ERCOT, Texas market and the risk of market saturation was a huge talking point at Energy Storage Summit USA last month.

Mining giant Glencore, Spain-based utility Iberdrola and commercial waste management firm FCC are partnering to develop lithium-ion battery circularity solutions, including recycling and second life.

A solar-plus-storage project is being planned for the legislative capital of South Africa, as the city looks to move “away from Eskom reliance and towards a load-shedding-free Cape Town”, its Mayor said.

Nearly double the megawatt-hours of large-scale BESS under construction in Australia by the end of 2022 compared to 2021.

Vietnam’s energy storage sector a priority for Asian Development Bank and Global Energy Alliance for People and Planet funds.