News in brief from around the world in energy storage, this time with a distinctly UK flavour.

The global energy storage market will grow to deploy 58GW/178GWh annually by 2030, according to forecasting by BloombergNEF.

The high rates of return in the UK energy storage market seen in the last 6-12 months are unlikely to continue going forward as capex costs increase and ancillary markets saturate.

JSW Energy, part of Indian conglomerate JSW Group, has inked a memorandum of understanding with the Chhattisgarh government to build a 1GW pumped hydro storage project.

Insurance is a cornerstone of de-risking financing and investment into energy storage

A plan to turn Australian island state Tasmania into the ‘Battery of the Nation’ has taken a step forwards.

Sungrow has announced a new partnership with Statera Energy, to supply a 362MW/391MWh energy storage project in the UK.

Update 5 April 2022: A Hyosung Heavy Industries representative told Energy-Storage.news the BESS will be 48MW rated output with 192MWh capacity.

EDF Renewables subsidiary Powerflex has partnered with Ontario utility Hydro One to develop distributed energy resource solutions in the Canadian province.

Energy storage developer Jupiter Power has turned a 200MWh battery energy storage system (BESS) in Texas online.