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Battery storage insurance costs are falling ‘as understanding of risks grows’

February 20, 2023
We hear from two battery storage insurance industry sources about how they view the technology and the main risks they assess when designing policies.
LG Energy Solution provided battery racks to Moss Landing Energy Storage Facility, California, the biggest battery storage system in the world at 3GWh capacity. Image: LG Energy Solution.

LG Energy Solution commits to ‘transparency’ on ESG

February 16, 2023
LG Energy Solution has joined the global Task Force on Climate-related Disclosures (TFCD).
FMG iron ore operations in Pilbara, Western Australia. Image: FMG.

Large-scale battery storage online at Fortescue Metals’ iron ore sites in Australia’s Pilbara

February 15, 2023
Two large-scale battery storage systems which will help power iron ore mining operations in Western Australia have been commissioned.
philippines energy storage system investment policy

Philippines’ rule changes ‘will propel ASEAN’s leading energy storage market to even stronger position’

February 9, 2023
Proposed changes to rules and regulations will strengthen the Philippines’ position as leading energy storage market in the ASEAN region.
IESA president Dr Rahul Walawalkar (right) at a recent industry event. Walawalkar is also founder of the Alliance, and managing director and president at advisory group Customized Energy Solutions. Image: IESA via Twitter.

India’s Union Budget ‘supports energy storage supply chain, deployment and export potential’

February 8, 2023
“Overall we are very happy with the direction of the budget,” says Dr Rahul Walawalkar, president of the India Energy Storage Alliance (IESA).
vflowtech vanadium flow battery esries A singapore

Singapore firm VFlowTech raises US$10 million for 200MWh vanadium flow battery factory

February 7, 2023
Singapore-based VFlowTech has raised a US$10 million Series A to set up a manufacturing facility and scale up production of its 250kWh vanadium flow battery product.
Signing of documents in Baku, Azerbaijan. Image: Republic of Azerbaijan, Ministry of Energy.

Azerbaijan government signs MoU on battery storage with ACWA Power

February 7, 2023
ACWA Power and the government of Azerbaijan have signed an agreement for a battery energy storage system in the central Asian country.
Drilling for vanadium at a site in Western Australia, 2019. Image: Australian Vanadium

Australia opens public consultation on National Battery Strategy

February 7, 2023
Australia wants to leverage its position as a mining and minerals hub to capture opportunities in the battery industry.
An existing community, or neighbourhood battey site in Western Australia. ARENA has called for systems of between 500kW and 5MW from applicants. Image: Horizon Power.

Queensland rolling out neighbourhood batteries to maximise rooftop solar benefits

February 3, 2023
Government-backed energy storage announcements continue to roll out of Queensland, with the Australian state set to begin a ‘Neighbourhood Battery’ programme.
The 200MW/285MWh project on Jurong Island. Image: Sembcorp.

Southeast Asia’s biggest battery storage project officially opened in Singapore

February 2, 2023
Singapore has surpassed its 2025 energy storage deployment target, with the official opening of Southeast Asia’s biggest BESS.

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