Much more needs to be done to ensure that European countries create the right investment environment for flexibility resources in the electricity system, writes Eaton’s Siobahn Meikle.

A cost recovery application for 90MW of battery storage, filed by Barbados Light & Power Company (BLPC), has been only partially approved by the eastern Caribbean island nation’s regulator.

Commissioning has been completed on the first commercial-scale project using Energy Vault’s gravity energy storage technology, while the firm has also secured a 400MWh BESS order for a project in Australia. However, it expects revenues this year to be 70-85% lower than 2023.

New rules which will reduce grid fees in the Netherlands by providing ‘non-firm agreement’ (NFA) connections as well as time-weighted rates could improve returns and double projected BESS deployments, an analyst has said, though a project owner was less openly optimistic about it.

Power management tech company Eaton and developer/IPP Endurant Energy are deploying 150MWh of BESS across 10 projects in New York City.

Stem Inc has reaffirmed guidance of positive adjusted EBITDA for 2024, despite starting the year with a 62% year-on-year decrease in reported revenues and a fall in bookings.

Global battery energy storage system (BESS) integrator Fluence saw an 11% revenue drop in revenues in the three months ending 31 March, 2024, while it is also launching a higher energy density product and US module production this year.

The state of Queensland, Australia, has committed to investing AU$448 million into battery storage technology at a coal power plant.

Regulatory approval has been granted for what is claimed to be India’s first commercial standalone battery storage project.

Powin has debuted a modular battery storage container platform that enables the system integrator’s utility-scale projects to add 50% more capacity for the same footprint.