Concern has been raised by the industry about battery storage consistently being overlooked in the UK’s Balancing Mechanism (BM), as the sector’s average revenues plummeted in the first half of 2023.

The lithium industry needs US$116 billion of investment to achieve the 5.7x ramp-up in production needed for 2030 decarbonisation goals, and prices may remain ‘tight’ in the coming years.

An energy storage news roundup from Germany, including 10MWh-plus projects from Tesvolt and Wirsol Roof Solutions and a €5 million fundraise by second life firm Voltfang.

Enersense International has been enlisted to provide maintenance services on four battery storage projects in Lithuania deployed by Fluence.

Proudly presenting our sponsored webinar with Fluence, looking at optimisation of renewable energy and energy storage asset performance.

Li-Cycle, a North America-based company focused on lithium-ion battery recycling, has opened a black mass production facility in Germany.

Japanese conglomerate Marubeni has acquired a 25MW wind and energy storage project in Wales, UK, from developer RES.

Germany-based flow battery company VoltStorage has been granted a venture debt loan of €30 million (US$33 million) by the European Investment Bank (EIB), guaranteed by the European Commission.

Ameresco will look for energy storage projects to own that the US clean energy solutions company can secure long-term revenues for.

Utility and network operators RheinEnergie and Bayernwerk have respectively started building and commissioned 7MWh battery storage projects in Germany.