A global battery storage development platform has been launched by Macquarie Asset Management’s Green Investment Group (GIG).

Development approvals have been granted for New Zealand’s biggest planned battery energy storage system (BESS) to date.

Neoen has reported a 46% increase in revenues for the first nine months of 2022 versus the same period last year.

The Solar Energy Corporation of India (SECI) is seeking proposals for non-battery energy storage projects to supplement renewable energy generation, and will cover up to 100% of project costs.

Japanese petroleum firm Idemitsu has invested in a vanadium mining, processing and electrolyte production project in Australia, while two other major vanadium projects have progressed.

Electricity Market Authority confirmed the Southeast Asia region’s largest battery storage project on course for commissioning in November.

More corporate funding went into energy storage companies in the first nine months of 2022 than in the entirety of last year.

LG Energy Solution has said that the US is its most important target market, as the company reported record quarterly revenues for Q3 2022.

Automotive group Toyota and utility JERA have commissioned a battery storage system made up of lithium-ion, nickel metal-hydride and lead acid cells, something relatively novel in the sector.

Gravity energy storage company Energy Vault’s battery storage division has been contracted to work on a 250MW two-hour duration project at a solar PV plant in Victoria, Australia.