Energy storage provider AES Energy Storage has signed a multi-year agreement for Korean battery supplier LG Chem to provide 1GWh of lithium-ion battery capacity for AES’s energy storage systems, which a US analyst has said could take around seven to eight years to install and be worth an estimated US$300 million.

Lux Research published 2015’s fourth quarter update to its Grid Storage Tracker earlier this month, tracking every stationary deployment of advanced energy storage globally. Dean Frankel, research associate at Lux talks through some of the headline findings and big trends and explains why it has been a “monumental year” for energy storage.

Australia’s “largest solar and battery storage project to date” will be built by German developer Juwi at a copper and gold mine, with support from public bodies including the country’s Clean Energy Finance Corporation (CEFC).