Europe reached 4.5GW of battery storage capacity last year and could hit 95GW by 2050, according to figures from LCP Delta and Aurora Energy Research respectively.

CATL has committed to a carbon neutrality plan, identifying five ‘key links’ in its value chain to implement emissions reduction measures.

Work is set to begin “within weeks” on a BESS project at the site of a coal power plant in New South Wales, Australia.

DOE has opened a funding opportunity for work to address gaps or weaknesses in manufacturing of solid-state and flow battery technologies.

There has been US$150 billion of announced investments into the US’ upstream and downstream clean energy industry since the Act was passed, according to American Clean Power (ACP).

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.