A US$75 million national research and development (R&D) facility for energy storage is expected to be up and running by 2025, the US Department of Energy said yesterday.

Gore Street Energy Storage Fund, a publicly listed energy storage investment funds in the UK, is entering its portfolio into the Dynamic Containment grid services market while it has 100MW of projects in Northern Ireland nearing completion.

Australian energy retailer EnergyAustralia has said that it will build a 350MW, four-hour standalone battery energy storage system (BESS) project to enable one of its coal-fired power plants to be retired “after decades of faithful service”.

US community solar provider Nexamp has closed a US$440 million credit facility for a 380MW portfolio of PV and energy storage assets.

News in brief from around the world in energy storage.

Battery storage projects may be either standalone or colocated with renewable generation and must account for 20% of nameplate capacity if colocated.

A politically bipartisan effort to introduce investment tax credit (ITC) incentives to support and accelerate the deployment of energy storage in the US could be a “once in a generation opportunity” to protect the future of the earth.

Pacific Gas & Electric (PG&E), one of California’s three main investor-owned utilities, has said that 1,400MW of battery storage is to be deployed in its service area by the end of 2023 will keep the company on-track to meet statewide renewable energy goals “while ensuring grid reliability”.

A subsidiary of Russian state-owned nuclear technology and electric utility company Rosatom, will establish domestic lithium-ion battery cell and manufacturing facilities, following a deal to acquire 49% of South Korean company Enertech International.

The energy storage system integration division of Wärtsilä Corporation will deploy a large-scale floating battery energy storage system for a thermal power facility in the Philippines.