Recent policy developments in the US and European Union represent a considerable uplift to prospects for global energy storage deployment.

Sterling and Wilson has signed a memorandum of understanding with the government of Nigeria to develop and construct PV and BESS projects.

The US-based International Development Corporation (DFC) has provided a US$25 million loan for a solar-plus-storage project in Malawi with a 5MW/10MWh battery energy storage system (BESS).

Renewable developer Scatec and energy group EDF have signed a binding agreement with the government of Malawi to develop a hydropower plant with 309MW/7,000MWh of pumped hydro energy storage.

World Energy Storage Day Chair Dr Rahul Walawalkar on this year’s virtual global conference.

Norwegian state-backed credit agency Eksfin is providing US$100 million in guarantees for three co-located energy storage projects in South Africa from renewable energy developer Scatec.

The past week has seen thermal energy storage solution companies strike or execute on commercial deals across Norway, Greece, Israel and South Africa.

Largo Clean Energy, part of vanadium primary producer Largo Resources, and Ansaldo Green Tech are exploring the potential of a joint venture for deploying vanadium flow batteries.

South Africa’s primary electricity supplier Eskom has announced details of forthcoming major battery storage deployments.

The World Bank has provided guarantees for US$24 million of equity and shareholder loan investments into a 20MW solar-plus-storage project in Malawi.