Powin has ‘big plans’ in the balance-of-system space and could become ‘the biggest energy storage platform in the world’, president Anthony Carroll says.

Energy Vault secured 2.8GWh of project orders in the first quarter of 2023 and revealed that it has invested in Kore Power, the US lithium-ion battery and BESS firm, though booked revenues fell 75%.

Australia’s Federal Budget included AU$4 billion new investment in energy, confirmation of tenders for renewables and energy storage.

Bitech has received a Letter of Intent from Nam Viet Green Energy for solar, battery storage project financing and execution.

Australia will launch its first tenders for large-scale energy storage resources during this year, minister says.

RWE has been awarded a long-term contract for a 50MW/400+MWh battery storage project in New South Wales, Australia.

LG Energy Solution sees lithium iron phosphate (LFP) battery production to meet demand for stationary energy storage systems (ESS) in the US market as a “new growth engine” for the South Korean manufacturer.

Gravitricity has partnered with firms in the US and Germany to deploy its gravity energy storage solution while Energy Vault has provided an update on its China project.

The Australian government is funding grid inertia measurement trial at the Victorian Big Battery, aiming to develop real-time, accurate assessments of the status of the network.

Why recent awards of pre-licensing for large-scale projects in Turkey mean a “very promising market” for energy storage is about to open.