NGK Insulators, manufacturer of batteries and storage system based on sodium-sulfur (NAS) chemistry, has announced the commissioning of its first system deployed in Bulgaria.

Only half of the energy storage needed to properly integrate the potential solar PV additions globally by 2030 will be deployed based on current policies, the International Energy Agency (IEA) said in its World Energy Outlook report for 2023.

Successful optimisation of batteries co-located with wind is complex but could help “unlock a blueprint” for managing assets at portfolio level, the chief executive of UK software company Arenko has said.

Developer Kyon Energy has secured construction approval for a 2-hour large-scale battery energy storage system (BESS) project in Saxony-Anhalt, Germany.

Germany-headquartered organic flow battery company CMBlu has secured €100 million (US$107 million) from technology and construction firm Strabag.

Hitachi Energy has acquired Spanish power electronics and energy management system manufacturer Eks Energy (EKS) from battery storage system integrator Powin.

NHOA has been selected to deliver a large-scale battery energy storage system (BESS) which will play into Italy’s capacity market.

The energy storage subsidiary of Croatia-headquartered electric vehicle (EV) company Rimac has officially launched its modular battery energy storage system (BESS) product.

Company valuations and developer premiums for project sales have come down in the UK market amidst rising financing costs and plummeting revenues.

Cumulative energy storage installations will go beyond the terawatt-hour mark globally before 2030 excluding pumped hydro, with lithium-ion batteries providing most of that capacity, according to new forecasts.