UK-based energy industry data platform company Modo Energy’s monthly Revenue Benchmark has found that battery energy storage revenues in the country increased by 53% between June and July.

More than AU$1 billion (US$0.65 billion) of financial commitments to large-scale battery energy storage system (BESS) projects were made in Australia in the second quarter of this year.

Alfen has reported a 526% year-on-year increase in half-year revenues for its battery energy storage business segment.

Ben Lincoln, energy expert at intellectual property law firm Potter Clarkson, looks at patent filing activity in energy storage technologies outside the world of electrochemical batteries.

South Korea last week launched a competitive solicitation for large-scale energy storage systems on Jeju Island, a southern province of the country.

SSE Renewables has broken ground on its 150MW/300MWh battery energy storage system (BESS) in West Yorkshire, England, UK.

Enel Green Power Chile has started construction on a solar-plus-storage project with a 67MW battery energy storage system (BESS).

ACCURE has raised €7.2 million for its analytics solutions that can enable a “proactive approach to safety” in the battery storage industry.  

European gigafactory firm Northvolt has started producing battery energy storage systems (BESS) at its Northvolt Dwa facility in Poland, while also securing a US$1.2 billion convertible note.

While the demand for third-party battery energy storage system (BESS) optimisation services looks set to grow substantially, challenges for companies specialised in offering those services remain.