Grid-connected energy storage deployments have enjoyed a compound annual growth rate (CAGR) of 74% worldwide in the years 2013 to 2018, with a “boom” in deployment figures expected over the next five years, analysis firm Wood Mackenzie has said.

Energy storage firm redT has landed more than £3 million (US$3.92 million) from an open share offer, effectively securing its immediate future.

Questions around who should own, operate and ultimately benefit from the deployment of energy storage systems could soon be resolved in the Philippines after the government Department of Energy issued a set of draft guidelines.

UK company Solarcentury has commissioned two solar-storage-diesel mini-grids in rural communities in Eritrea that are far away from the grid and have relied purely on diesel power until now.

French energy giant teams up with Myanmar-focused off-grid energy specialist, Mandalay Yoma, to help spur rural electrification across the Southeast Asian country with mini-grids combining PV, diesel and battery storage.

Walking around Energy Storage Europe this year it was obvious that the show, like the market, has grown from a small handful of “strong believers” as one source put it, to a forward-looking show focused on a ‘business-as-usual’ scenario.

The future of vanadium flow machine company redT has been plunged into doubt after it launched a strategic review of its ongoing business.

The Asian Development Bank (ADB) has agreed to part-fund a US$53.2 million undertaking to power Tonga with renewable energy, including the installation of 22.2MWh of energy storage.

Saba Electric Company, sole supplier of electricity to the Dutch Caribbean island of Saba, celebrated as the island ran on 100% solar for the first time ever this month, with the switch-on of a solar-plus-storage microgrid.

RP Global, an independent renewable energy developer and majority shareholder of JUMEME Rural Power Supply, has commenced construction on the first phase of a solar-hybrid mini-grid project in Tanzania.