An Australian Renewable Energy Agency (ARENA) programme to put AU$120 million (US$78.17 million) towards community battery storage received applications for more than ten times that amount.
Renewable energy and energy storage developer Akaysha Energy will soon begin construction on a 150MW/300MWh battery storage project in Queensland, Australia.
Huawei and BYD were among the five largest battery energy storage system (BESS) integrators globally last year, with the Chinese market going through a ‘price war’ of competition, according to research from Wood Mackenzie.
Power technology firm Wärtsilä has initiated a strategic review of its energy storage and optimisation (ES&O) business, with “all potential alternatives considered” including divestment.