Europe is on course to become the world’s second-largest lithium-ion battery cell producing region by 2025, although some key challenges need to be addressed, a European Commission vice-president has said.

A new market mechanism for longer-duration storage should be created according to the UK’s Association for Renewable Energy and Clean Technology (REA).

Gore Street Energy Storage Fund, a publicly listed energy storage investment funds in the UK, is entering its portfolio into the Dynamic Containment grid services market while it has 100MW of projects in Northern Ireland nearing completion.

News in brief from around the world in energy storage.

A subsidiary of Russian state-owned nuclear technology and electric utility company Rosatom, will establish domestic lithium-ion battery cell and manufacturing facilities, following a deal to acquire 49% of South Korean company Enertech International.

The editorial team brings you the top takeaways from this year’s Summit, spanning everything from finance and the growing appetite for investment in the market today, to the technologies and policies that could help the UK and other nations to meet urgent deadlines for decarbonisation.

The latest edition of PV Tech Power – PV Tech Power 26 – is now available to download, including Storage & Smart Power, the section brought to you by Energy-Storage.news.

There are numerous benefits from collocating battery energy storage with wind power, including grid availability and planning ease explained ScottishPower Renewable’s Tony Gannon at the Energy Storage Summit 2021.

Launches of a new “allstar” commercial energy storage system and a large-scale storage solution designed to be moved from one site to another with ease demonstrate the changing needs of customers for versatile and flexible energy storage options.

The Capacity Market T-1 auction cleared at a record high price in the UK this week, with 17 batteries winning spots.