Key contracts have been awarded in Queensland, Australia, to work on what would be the world’s largest pumped hydro energy storage (PHES) plant.

Developer Key Capture Energy has inaugurated a 20MW/45.6MWh battery energy storage system (BESS), its largest one in New York to-date.

Financial performance will ultimately determine the success of AI-based battery storage optimisation platforms, Gridmatic told Energy-Storage.news in response to recent comments from one developer.

In a big week for the grid-scale energy storage market in Italy, regulators have approved new grid storage-specific auction rules and a chunk of Aura Power’s 500MW-plus pipeline of BESS projects.

The government of Bangladesh and potential investors into energy storage in the South Asian country were handed a European Union-funded roadmap for the technology’s development last week.

AES Corporation has added the 2GW Bellefield solar-plus-storage project to its portfolio after acquiring it from the project developer, Avantus.

Japanese conglomerate Itochu is launching its first grid-scale BESS project with utility Osaka Gas and finance group Tokyo Century Leasing.

Eolian has taken the amount of financing it has raised in just three years since founding to more than a billion-and-a-half-dollars.

The government of Spain is launching €160 million (US$170 million) in grants for energy storage projects, aiming to fund 600MW of projects to go online in 2026.

Eni Plenitude, part of the large oil and gas major Eni, has put into operation a 15MW/9MWh battery storage unit in Italy.