The asset management group of investment banking firm Goldman Sachs is making a US$250 million investment into advanced compressed air energy storage (A-CAES) company Hydrostor.

We hear from two US companies which are stakeholders in both the present and future of energy storage, in this fourth and final instalment of our interview series looking back at 2021 and ahead to this year and beyond.

For this third instalment of our look back at 2021, we’ve something of a mixture of views from around the industry.

Burns & McDonnell and Recurrent Energy give their takes on the key successes and challenges of the past year in energy storage.

News in brief from around the world in energy storage.

Bringing you the thoughts of leaders from across the industry in our series of end-of-year blogs.

China’s energy storage industry entered a period of “rational adjustment” in 2019, as overall growth in new projects and capacity slowed down, yet deployed around 519.6MW/855MWh of new electrochemical energy storage capacity domestically.

Energy storage in the US is being propelled forward by falling costs and increasingly favourable markets and policy. But for the full value of storage to be realised, numerous regulatory and fiscal barriers must still be surmounted, writes Matt Roberts.

The US energy storage market grew 243% last year, making 2015 the biggest year of any on record for storage, according to GTM Research.