A new 1GWh lithium iron phosphate (LFP) battery factory in Turkey serving the energy storage system (ESS) market will start production in Q4 2022.

The global energy storage market will grow to deploy 58GW/178GWh annually by 2030, according to forecasting by BloombergNEF.

Insurance is a cornerstone of de-risking financing and investment into energy storage

Update 5 April 2022: A Hyosung Heavy Industries representative told Energy-Storage.news the BESS will be 48MW rated output with 192MWh capacity.

News in brief from around the world in energy storage.

Island nations Mauritius and Barbados have both begun renewable energy procurement processes that involve energy storage.

Energy group Enel has started operating a 4MW/1.7MWh backup power storage system at a plant in Spain’s North African territory using 78 repurposed Nissan electric vehicle (EV) batteries.

South African grid operator Eskom is close to finalising the launch of 832MWh of battery energy storage development, but eyes are on an even larger upcoming REIPPP-model procurement.

Sungrow will supply a 16MW/64MWh battery energy storage system to a customer in Israel.

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