The global need for grid-scale energy storage will rise rapidly in the coming years as the transition away from fossil fuels accelerates.

We hear from two battery storage insurance industry sources about how they view the technology and the main risks they assess when designing policies.

Deutsche Telekom has announced the first battery energy storage system installation in a 300MWh rollout in Germany, with Norwegian firm Pixii the technology provider.

Grid operators from across Europe believe energy storage is a vital flexibility resource that should be incentivised.

Finland telecommunications firm Elisa has received €3.9 million from the government to form a VPP using batteries which could be the largest of its kind in Europe.

Battery storage projects totalling 627MW were awarded contracts in the UK’s 2023-24 Capacity Market auction which concluded yesterday (14 February), nearly a two-thirds jump on last year’s.

Nispera, the asset performance management platform for renewable energy acquired by Fluence has begun managing battery storage assets.

A 60MWh battery energy storage project co-located with an existing solar PV plant has been proposed in Spain, the latest to qualify for a recently-announced €150 million package of grants.

Hitachi Energy will supply equipment to improve the operational efficiency of a 45-year old pumped hydro plant in Austria for owner VERBUND.

German commercial and industrial (C&I) energy storage system firm Tesvolt is investing €60 million in a new manufacturing hub at its headquarters in Lutherstadt Wittenberg.