Australia’s energy storage sector has seen trio of significant announcements around major battery energy storage system (BESS) projects.

US vehicle-to-grid (V2G) technology company Nuvve has entered a strategic partnership with Chinese battery and energy storage solutions manufacturer Guangzhou Great Power.

G7 nations have agreed a new global energy storage target of 1500GW by 2030, a six-fold increase from today’s levels.

US-headquartered battery storage system integrator Powin Energy has signed a 12GWh cell supply agreement with Chinese battery maker REPT Battero.

RayGen, a startup developing long-duration energy storage (LDES) technology designed for pairing with renewable energy installations, has raised investment to kick off a Series D funding round.

IPP Neoen has launched construction on the the second phase of its Collie BESS project in Western Australia, following a capacity services contract award.

This Friday Briefing looks at the battery manufacturing race that Europe and the US are set to get into, with both currently trailing far behind leader China.

China-based companies Sungrow and Eve Energy are seeing substantial growth in their energy storage product shipments.

According to IEA and BloombergNEF, battery storage was the most invested-in energy tech, with biggest-ever growth in deployments recorded.

LG Energy Solution has said it will take a strong stance against those copying its technology following what it says is a surge in battery patent infringements, including in the ESS market.