At COP28 last week, 11 countries joined a global consortium aimed at securing 5GW of battery energy storage deployments in low or middle-income countries.

The nascent grid-scale energy storage market in Japan now has its first-ever dedicated investment fund, and it will be jointly managed by Gore Street Capital, which launched one of the UK’s.

EnerVenue has launched an integrated energy storage system (ESS) solution comprised of its metal-hydrogen batteries, which it claims are capable of 30,000 cycles or more.

Financial commitments into utility-scale battery storage in Australia plummeted to just 13MW in Q3, although roughly ten times as much large-scale storage in megawatts have been commissioned so far this year compared to last.

Construction and industrial equipment company Caterpillar has launched an integrated energy storage system solution.

Work has begun on a 600MW/1,600MWh BESS by the State Electricity Commission (SEC), an entity owned by the Australian state of Victoria.

Global battery storage system integrator Fluence has released its Q4 and full-year results, which included the “transformative milestone” of achieving a positive net profit for the first time, CEO Julian Nebreda said.

Global system integrator Fluence has closed a four-year US$400 million asset-backed lending (ABL) credit facility.

Copenhagen Infrastructure Partners (CIP) has embarked on the first of several planned large-scale battery energy storage system (BESS) projects in Australia.

After a difficult couple of years which saw the trend of falling lithium battery prices temporarily reverse, a 14% drop in lithium-ion (Li-ion) battery pack cost from 2022-2023 has been recorded by BloombergNEF.