World leaders attending COP29 next month have been encouraged to sign a pledge to collectively increase global energy storage capacity to 1,500GW by 2030.

Developer and IPP Elevate Renewables will deploy a grid-forming BESS at a fossil fuel peaker plant in Connecticut, US, with US$27.5 million from the Department of Energy (DOE).

Gore Street Energy Storage Fund will provide a Goldman Sachs subsidiary with power from its Big Rock BESS in California via a 12-year, fixed price Resource Adequacy (RA) contract.

Installed battery storage capacity in California has grown from just 500MW in 2018 to more than 13,300MW at the latest count.

US utility Dominion Energy Virginia has outlined options for meeting future power demand, including an additional 12GW of PV and 4.5GW of battery storage.

While there is much more variety in the BESS supply landscape today, there are relatively few suppliers able to offer products for ‘grid-forming, enduring infrastructure assets’, developer and operator Dais Energy’s CEO said.

Three US-based independent power producers (IPPs) are currently seeking permission from the Minnesota PUC to construct new renewable energy facilities incorporating battery storage.

A lack of regulation and policy regarding BESS is challenging the growth of the technology in Latin America and the Caribbean.

AI-driven asset management startup Proximal Energy has been selected by investor Excelsior Energy Capital to optimise a fleet of battery storage projects in the US.

KORE Power CEO Lindsay Gorrill speaks with ESN Premium about the US startup’s manufacturing plans, why NMC won’t go away anytime soon, and where he thinks the BESS market is going.