India’s energy storage industry is at a turning point as developers, financiers, and policymakers work to define viable business models for the next wave of large-scale battery projects. 

US utility Xcel Energy plans to build the Midwest’s largest battery energy system (BESS) facility at the Sherco Energy Hub in central Minnesota, US.

LG Energy Solution and Stellantis’ joint venture (JV), NextStar Energy, Canada’s first large-scale lithium-ion (Li-ion) battery manufacturing plant, is expanding to produce energy storage system (ESS) batteries.

Utility Osaka Gas and developer Sonnedix are installing what is claimed to be the largest battery storage facility co-located with renewable energy generation in Japan so far.

Australian energy giant AGL has submitted its 500MW/2,000MWh Tuckeroo Battery project for federal environmental approval.

ESN Premium speaks with Neha Sinha of Wärtsilä Energy Storage, about DC-coupled solar-battery hybrids in Australia.

UK power generator Drax is set to acquire three BESS projects from York-based developer Apatura, with a combined capacity of 260MW.

A double header of Baltic BESS news, with financing secured for two large-scale BESS projects in Estonia and Lithuania’s capex support scheme oversubscribed by 2x.

Partnerships will determine whether India can emerge as a global hub for battery manufacturing and energy storage.

Samsung SDI is ramping up its manufacturing of energy storage batteries in the US to 30GWh by the end of 2026, while EV demand remains sluggish.