Australia will launch its first tenders for large-scale energy storage resources during this year, minister says.

Utility Xcel Energy has received a US$20 million grant commitment from VC firm Breakthrough Energy for projects using Form Energy’s iron-air battery, while a sodium ion battery firm has secured bridge financing.

Firm Frequency Response (FFR) auction prices in the UK have hit their lowest level since 2019 as market saturation begins to take effect, market analytics platform Modo Energy said.

NHOA is on track to achieve a targeted 10x growth in its business, but will require funds from its parent company to complete the task.

In an effort to drive the country to deploying more energy storage, the Israeli Ministry of Energy and Infrastructure has announced four large-scale battery storage projects.

Portland General Electric has procured 400MW of BESS resources split across two large-scale projects in the Oregon utility’s service area.

Canada-based renewable energy firm Boralex has turned on a 3.3MWh battery storage unit attached to a wind farm in France.

Ben Lincoln from IP Firm Potter Clarkson discusses applying artificial intelligence and machine learning to energy storage technologies.

Netherlands-based Alfen is deploying a two-hour-plus battery energy storage system (BESS) for Centrica Business Solutions in Belgium, the latter’s first outside the UK.

RWE has been awarded a long-term contract for a 50MW/400+MWh battery storage project in New South Wales, Australia.