The European Investment Bank (EIB) has invested €24 million (US$28 million) in cloud-based battery data analytics provider TWAICE.

That was the view of Søren Juel Hansen, energy storage director at Nordic Solar, when asked by Energy-Storage.news about the role of transmission system operators (TSO) in the industry. 

A framework for the “development, utilisation and commercialisation of energy storage systems” in the Philippines has been passed by the House of Representatives.

“Standalone solar is not dead, but it is challenging,” said Pierre Bartholin, head of power hedging at investor Nuveen Infrastructure, opening the debate at Solar Media’s Solar Finance Investment Europe (SFIE) conference in London on the future of co-located battery storage. 

IPP Enlight Renewable Energy has reached development milestones for its total 1.21GW solar plus 4GWh energy storage CO Bar Complex in Arizona, US, and is now advancing the project toward operation.

LG Energy Solution will keep global battery cell production at around 300GWh in 2026, while increasing its proportion of supply for energy storage system (ESS) applications.

Warren Buffett’s Berkshire Hathaway-owned BHE Renewables has successfully energised its 75MW/150MWh Glacier Battery System project in Montana, US.

While steps are being taken, Spain still lacks the market mechanisms and regulatory framework for large-scale energy storage.

Energy storage is expected to play a significant role in enabling the global data centre build-out, although the commercial and financing models developers will use are evolving, Energy-Storage.news has learned.

Tonic Group has received federal environmental approval for a 440MWh solar-plus-storage facility in Western Australia in less than a month.