Cyprus has set out a policy framework for the integration of energy storage systems after reaching a funding agreement with the European Commission (EC).

The closure of UK battery storage specialist EPC and independent connection provider (ICP) firm G2 Energy has been confirmed by Companies House, with a senior manager describing “unsympathetic clients” in comments given to Energy-Storage.news and that the bulk of the team is joining outsourcing giant Mitie.

System integrator Eco Stor is planning to build a 300MW/600MWh battery energy storage system (BESS) in Saxony-Anhalt, Germany, one of the largest projects in Europe.

FREYR Battery, which is targeting the battery storage sector with its product line, has received a €100 million (US$112.29 million) grant commitment.

Europe saw an 83% increase in residential battery installations in 2022, according to research firm LCP-Delta.

New company Allye Energy has raised £900k (US$1.1 million) to scale up production of its mobile battery energy storage system (BESS) using second life EV batteries.

Developers Eku Energy and Renera Energy have signed an agreement to deploy 1GW of battery storage projects in Italy, the latest in a flurry of companies entering the market.

Energy storage assets are versatile, profitable low carbon resources that need the right conditions and guidance to deliver value from the very start of operation, writes TWAICE.

Investor DIF and renewable energy optimiser Pexapark have announced what they claim is the UK’s ‘first bankable and unsubsidised co-located PPA’, for a solar and storage project.

Global BESS integrator Fluence has secured its second ‘Grid Booster’ battery storage project in Germany, this time with TSO TenneT for two projects totalling 200MW.