A total of 11.9GW of energy storage across all scales and technologies was installed in Europe in 2024, bringing cumulative installations to 89GW.

Regulators earlier this month approved a scheme to support grid-scale energy storage facilities, aligned with New York’s 6GW by 2030 policy target.

Drax has outbid Foresight Group LLP to acquire the share capital of the publicly-listed Harmony Energy Income Trust (HEIT) for £200 million (US$239.15 million).

Finnish marine and power technology firm Wärtsilä has ended an 18-month long strategic review of its Energy Storage and Optimisation (ES&O) business, a process which could have led to the firm divesting it.

Sumitomo Electric has followed up the US launch of its newest vanadium redox flow battery (VRFB) technology, announcing a deal in Japan.

New South Wales could become the first Australian state to pass battery regulation under the Product Lifecycle Responsibility Act.

Utility Pacific Gas and Electric (PG&E) has announced intent to award up to US$43 million in grant funding for nine new community-driven microgrids in California, US. 

A double helping of big energy storage news items in Poland, with the government launching a capex support scheme for grid-supporting BESS and state-owned power producer PGE revealing its long-term deployment plans.

Suitable energy storage project sites are quickly being snapped up in Australia’s National Electricity Market (NEM), with a premium on grid location.  

BloombergNEF (BNEF) has found that utility-scale BESS uptake in Australia could increase eightfold to 18GW in 2035, up from 2.3GW in 2024.