Any new energy technology asset class comes with risk that needs to be recognised, write Liam McEneaney and Daniel Stevens at AXIS Insurance.

Recent policy developments in the US and European Union represent a considerable uplift to prospects for global energy storage deployment.

Ireland’s national planning body has approved a €140 million battery storage facility proposed by Strategic Power Projects in County Kildare.

Energy storage must play central role in Europe’s energy security, enabling integration of renewable energy and lowering power prices.

Spanish and Portuguese utility Endesa, part of Enel, has provisionally won 953MW of connection rights to build renewable energy resources and battery storage in Andorra, possibly rising to 1,200MW.

FREYR Battery has signed a series of agreements that bring its plans for gigafactories in Europe and later the US closer to fruition.

Vehicle-to-grid (V2G) is now a proven technology but there is still plenty of work left to do for it to scale in the consumer vehicle sector.

GIGA Buffalo, the largest battery energy storage system in the Netherlands provided by technology group Wärtsilä, has been officially inaugurated after 10 months of construction.

Turkey’s moves to adapt energy market rules will create “exciting” opportunities for energy storage and renewables.

The business case for developers to use large batteries at EV charging stations instead of upgrading electricity networks in the UK is now harder to make after recent changes in regulations.