A state-owned solar-plus-storage project being developed in Mexico marks a shift in government thinking on energy storage, a local battery storage firm told Energy-Storage.news.

Corporate funding of energy storage companies exceeded US$26 billion worldwide in 2022, a 55% jump from 2021’s total US$17 billion.

Large-scale battery storage systems will be used to increase the efficiency of natural gas peaker plants in California.

The largest lithium-ion battery storage system in Bolivia is nearing completion at a co-located solar PV site, with project partners including Jinko, SMA and battery storage provider Cegasa.

Texas’ ERCOT grid is facing some extreme swings in its ability to match supply with growing demand for electricity in the US state.

The government of Queensland seeks input on its battery industry strategy, while an engineering provider has been appointed for a large-scale battery gigafactory in Victoria.

Independent power producer Clearway Energy Group has brought a 36MW solar PV plus 144MWh battery energy storage system project online in O’ahu, Hawaii, delivered by energy technology firm Wärtsilä.

A handful of companies are trying to get in early and design and deploy ‘second life’ energy storage units using EV batteries ahead of an expected boom in supply in the second half of the 2020s.

LG Energy Solution and Hanwha, two major players in battery and renewable energy tech, aim to establish battery storage manufacturing in the US.

Renewables developer Intersect Power has brought a 310MWp PV, 448MWh energy storage system project online in California.