Equinor has acquired a 45% stake in UK utility-scale energy storage and stability services developer Noriker Power.

The Ministry of Energy in Lithuania has officially launched a project to deploy 200MW / 200MWh of battery storage in the northern European country. 

The new edition of our quarterly journal PV Tech Power, volume 29, is now available to download, including our comprehensive cover story on solar’s critical next decade.

News in brief from around the world in energy storage, this time focusing on long-duration.

Global investment manager Quinbrook Infrastructure Partners has acquired UK-based optimisation and trading platform Habitat Energy Limited.

Energy technology company Wärtsilä has announced battery energy storage system (BESS) projects in two new markets for the company, with orders from customers in Chile and Belgium.

Prequalification results for the UK’s T-4 and T-1 Capacity Market auctions have been released, with battery storage rising significantly in both.

Another roundup of news in brief in energy storage, this time focused on the UK industry.

A “novel and innovative” technology which uses CO2 as a medium to store energy could be made using off-the-shelf equipment and made available to the market as early as next year, the company behind it has said. 

Supply chain shocks are causing short-term rises in the price of lithium-ion battery packs, but overall the price trend is downward and by 2024 average prices could dip below US$100/kWh.