After coming down last year, the cost of containerised BESS solutions for US-based buyers will come down a further 18% in 2024, Clean Energy Associates (CEA) said.

A bill aimed at creating a pilot programme to incentivise energy storage deployment in New Jersey has advanced through the US state’s legislature after senators voted in its favour.

Another roundup of news in brief from the UK’s busy energy storage market with project and financial news from Copenhagen Infrastructure Partners, Gore Street Energy Storage Fund, and a tax break for home batteries.

While more energy-dense BESS units mean packing more into smaller footprints, they may have additional implications for noise and fire safety, a developer source told Energy-Storage.news.

The European Commission is targeting 90% renewable electricity by 2040 in the EU and sees energy storage as one of several key areas of investment to get there, according to a leaked draft.

US vehicle-to-grid startup Nuvve continues push into Asia market, negotiating for a project planned by Taiwan’s grid operator and utility.

Sunrun has published the results of its Peak Power Rewards system, which saw residential solar systems deployed amongst its customers provide an average of 27MW of power to the California electric grid for 90 consecutive days.

Energy density is becoming a key tool in optimising the economics of battery energy storage projects as suitable sites become harder to find. Ben Echeverria and Josh Tucker from engineering, procurement and construction (EPC) firm Burns & McDonnell explore some of the considerations of designing projects on constrained land.

Global demand for batteries for energy storage system (ESS) applications will grow 30% during this year, with the US leading the charge, LG Energy Solution has predicted.

Tesla’s energy storage and generation revenues have tripled since 2020, largely driven by deployments of Megapack battery storage systems.