Commissioning has been completed on the first commercial-scale project using Energy Vault’s gravity energy storage technology, while the firm has also secured a 400MWh BESS order for a project in Australia. However, it expects revenues this year to be 70-85% lower than 2023.

Global battery energy storage system (BESS) integrator Fluence saw an 11% revenue drop in revenues in the three months ending 31 March, 2024, while it is also launching a higher energy density product and US module production this year.

The state of Queensland, Australia, has committed to investing AU$448 million into battery storage technology at a coal power plant.

Regulatory approval has been granted for what is claimed to be India’s first commercial standalone battery storage project.

Developer Oracle Power and China Electric Power Equipment and Technology (CET) are looking to develop and build a 1.3GW project combining solar, wind and battery energy storage system (BESS) technology in Pakistan.

Over a gigawatt of bids from battery storage project developers have been successful in the first-ever competitive auctions for low-carbon energy capacity held in Japan.

Battery energy storage system (BESS) integrator and manufacturer Powin Energy will get “priority access” to cells from Rept Battero’s new factory in Indonesia.

Tata Power Renewable Energy Limited has signed a PPA in India with public sector power company SJVN for firm dispatchable renewable energy.

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.