News in brief from around the world in energy storage, this time with a distinctly UK flavour.

The global energy storage market will grow to deploy 58GW/178GWh annually by 2030, according to forecasting by BloombergNEF.

The high rates of return in the UK energy storage market seen in the last 6-12 months are unlikely to continue going forward as capex costs increase and ancillary markets saturate.

Insurance is a cornerstone of de-risking financing and investment into energy storage

Sungrow has announced a new partnership with Statera Energy, to supply a 362MW/391MWh energy storage project in the UK.

ABB will provide technical expertise for a lithium extraction facility in Portugal which targets zero emissions status by 2030. 

This sponsored webinar with HMS Networks looks at how to intelligently connect battery energy storage systems (BESS) to the grid.

A major new vanadium processing facility is set to open in Finland in late 2024 after the formation of a joint venture (JV) to deliver the project.

Endesa Generación Portugal, part of Enel, has been award the connection rights to develop a renewable energy project combining solar, wind, green hydrogen and a 168.6MW battery energy storage system (BESS) to replace the country’s last coal station.

Emad Zand, president of Northvolt Systems, on factors impacting the growth of a European battery storage industry.