World leaders attending COP29 next month have been encouraged to sign a pledge to collectively increase global energy storage capacity to 1,500GW by 2030.
Developer and IPP Elevate Renewables will deploy a grid-forming BESS at a fossil fuel peaker plant in Connecticut, US, with US$27.5 million from the Department of Energy (DOE).
US utility Dominion Energy Virginia has outlined options for meeting future power demand, including an additional 12GW of PV and 4.5GW of battery storage.
Minister of the Environment and Energy Security Gilberto Pichetto has signed a decree allowing Italy to proceed with its energy storage capacity market auction, known as MACSE, in the first half of 2025.
While there is much more variety in the BESS supply landscape today, there are relatively few suppliers able to offer products for ‘grid-forming, enduring infrastructure assets’, developer and operator Dais Energy’s CEO said.
Three US-based independent power producers (IPPs) are currently seeking permission from the Minnesota PUC to construct new renewable energy facilities incorporating battery storage.
The European Union’s transition to a renewable-energy-powered electricity grid will fail unless it does more to support and promote energy storage, according to the Energy Storage Coalition.
AI-driven asset management startup Proximal Energy has been selected by investor Excelsior Energy Capital to optimise a fleet of battery storage projects in the US.
