The UK’s T-4 Capacity Market auction has cleared in its third round at a record high of more than double the previous record high price.

The role of energy storage in helping Europe’s energy security is increasingly being recognised, said keynote speakers at The Energy Storage Summit EU today, hosted by our publisher Solar Media.

Canadian utility NB Power has issued a Request for Expressions of Interest (REOI) seeking to establish 50MW of energy storage and 220MW of renewables capacity in New Brunswick, Canada.

Energy technology firm Wärtsilä completed a 125MW/250MWh battery storage project for REV Renewables in California in time to help CAISO deal with record heatwave conditions in September 2022.

Ministry of Power has issued guidelines for the adoption of PHES as a key technology for India’s renewable energy ambitions.

Zenobē Energy has started construction of a 300MW/600MWh battery energy storage project in Blackhillock, Scotland.

The global need for grid-scale energy storage will rise rapidly in the coming years as the transition away from fossil fuels accelerates.

Australia has an “urgent need” for long-duration energy storage, along with new generation resources and transmission infrastructure.

The local subsidiary of global energy firm AES has submitted an EIA for a hybrid renewables plant in Chile with over 3,000MWh of battery energy storage capacity.

We hear from two battery storage insurance industry sources about how they view the technology and the main risks they assess when designing policies.