Australia’s National Electricity Market (NEM) has been handed the title of “most volatile electricity market” in the world, with an urgent need for energy storage to mitigate that volatility.

Hitachi Energy has acquired Spanish power electronics and energy management system manufacturer Eks Energy (EKS) from battery storage system integrator Powin.

A 110MW/440MWh battery storage project in New York has been given the green light by regulators, ahead of the launch of tenders which could create a significant market opportunity in the state.

BESS with up to 4-hour duration helping to meet summer peaks, but long-duration energy storage may be key to managing winter demand.

Company valuations and developer premiums for project sales have come down in the UK market amidst rising financing costs and plummeting revenues.

The Central and Eastern Europe (CEE) energy storage market is in its infancy but has the potential to leapfrog more developed markets with Poland in a leading position, said executives from Fluence.

The energy storage market in Poland is “not an undersupplied one”, has higher financing costs and there is a two-year window in which you need to get in to capitalise on the opportunities, said renewable energy developer and IPP Aquila Clean Energy.

Jigar Shah, the clean energy industry veteran leading the US Department of Energy Loan Programs Office, speaks with Energy-Storage.news.

Northvolt intends to use its vertical European supply chain to differentiate itself in a ‘fiercely competitive’ energy storage market, executives said.

Energy-Storage.news caught up with Yann Brandt, chief commercial officer (CCO) at FlexGen, the US system integrator with a strong focus on software through its Hybrid OS controls platform.