The Italian grid-scale energy storage market is set to become one of the most active in Europe in the next few years having been close to non-existent until now.
Dutch transmission system operator (TSO) TenneT says the Netherlands will need 9GW of large-scale battery energy storage system (BESS) capacity connected to its grid by 2030.
The European Commission has approved a €1.1 billion (US$1.2 billion) scheme from the government of Hungary to support large-scale energy storage projects.
Renewable energy developer TagEnergy has closed a €570 million (US$622 million) green bond for its solar, wind and energy storage pipeline in the UK, Europe and Australia.
The Investment Management Corporation of Ontario (IMCO) has bought convertible notes worth US$400 million in European lithium-ion gigafactory firm Northvolt.
The US National Renewable Energy Laboratory (NREL) has updated its long-term battery energy storage system (BESS) costs through to 2050, with costs potentially halving over this decade.
