A global battery storage development platform has been launched by Macquarie Asset Management’s Green Investment Group (GIG).

Nissan, Renault and Mercedes-Benz are at the forefront of providing EV batteries for companies developing second life battery energy storage systems (BESS), but the market for such batteries is still thinly-traded. 

Global energy firm RWE has finalised its investment decision for two battery energy storage systems (BESS) totalling 220MW, in North Rhine-Westphalia (NRW), Germany.

Investor Fotowatio Renewable Ventures (FRV) has acquired a 600MW portfolio of battery energy storage system (BESS) projects in development in Greece.

Utility and power generation company Enel Group and Brenmiller Energy have inaugurated a thermal energy storage system in Italy using the latter’s proprietary bGen technology.

Neoen has reported a 46% increase in revenues for the first nine months of 2022 versus the same period last year.

Industry should make “concrete proposals” for electricity market reforms, or risk policy and regulation continuing to fall short in valuing the role of energy storage.

Gigafactory firms Northvolt and Britishvolt have commented on news reports that economic conditions are negatively affecting their plans, in statements provided to Energy-Storage.news.

European Union policymakers and regulators recognise that energy storage is vital to securing affordable and low carbon energy.

Anil Srivastava has vacated his position as CEO of Leclanché.