Battery storage project development costs will continue to fall in 2024 as lithium costs decline “significantly,” according to BMI Research.

US asset manager Stonepeak has entered Japan’s energy storage market, forming a partnership with CATL-backed developer CHC.

The Biden Administration will more than triple the tariffs paid on batteries and battery parts imported from China, from 7.5% today to 25%, in a huge move for the industry announced today.

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.

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

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.

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

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