Blackstone and Foss & Company have completed transferability investment tax credit (ITC) deals for BESS projects in California and Texas, a market which has grown “faster than anyone expected” according to tax credit ecosystem Crux.

This week’s Friday Briefing is largely concerned with the UK’s current period of low revenues for battery storage and how the market can move forward.

Lawyers from Herbert Smith Freehills discuss the challenges for the nascent European gigafactory ecosystem in light of heavy competition from the US and China, alongside the role that energy storage system (ESS) demand will play.

Attorney Seth Hilton discusses “a new dynamic for energy storage resources” around resource adequacy in California’s CAISO market.

While more energy-dense BESS units mean packing more into smaller footprints, they may have additional implications for noise and fire safety, a developer source told Energy-Storage.news.

Wärtsilä’s energy storage division saw a 20% year-on-year increase in sales and a 31% increase in order intake from 2022 to 2023, with the company board in mid-consideration of the business unit’s future.

We catch up with SemperPower, developer and owner of the two largest BESS projects in the Netherlands, discussing its commercial model, challenges, grid, regulations and more.

This Friday Briefing focuses on New York’s fight to get rid of dangerous peaker plants, and getting battery storage manufacturing right.

Optimising co-located BESS is “much more complicated” than standalone and few companies can do it well, panellists on Day 2 of Solar Finance & Investment Europe (SFIE) said.

Global demand for batteries for energy storage system (ESS) applications will grow 30% during this year, with the US leading the charge, LG Energy Solution has predicted.