According to Lazard, the impact of Inflation Reduction Act (IRA) incentives on the business case for battery storage in the US is now significant.

Prevalon, the US battery storage solutions provider spun out of Mitsubishi Power Americas, intends to deploy 2.5GWh of systems using Rept Battero’s technologies this year.

The industry still has a lot of work to do on urban project development and navigating local permitting challenges, a senior executive of US developer-IPP RWE Clean Energy told Energy-Storage.news.

The New Mexico Public Regulation Commission has approved an application from Public Service Company of New Mexico to add 309.5MW of energy storage to the investor-owned utility’s portfolio by summer 2026.

Chile has passed new regulations around capacity market payments to energy storage, coinciding with a major project announcement from CJR and Sungrow.

Invinity Energy Systems, a technology company that develops vanadium redox flow batteries (VRFB), plans to expand its manufacturing footprint in Scotland, UK.

US renewable energy developer Origis Energy has commissioned a 150MW solar-plus-storage project in the US state of Mississippi.

Equinor-owned East Point Energy has submitted a Public Facility Review application with the Prince William Planning Commission in Virginia, US, for the construction of a standalone battery energy storage system (BESS).

Business model innovation and considering how to integrate projects into the wider energy systems will be key for long-duration energy storage (LDES) companies, partners at VC firm RA Capital told Energy-Storage.news.

Some long-duration energy storage (LDES) technologies are already cost-competitive with lithium-ion (Li-ion) but will struggle to match the incumbent’s cost reduction potential.