A new 1GWh lithium iron phosphate (LFP) battery factory in Turkey serving the energy storage system (ESS) market will start production in Q4 2022.

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

News in brief from around the world in energy storage.

Sungrow will supply a 16MW/64MWh battery energy storage system to a customer in Israel.

With a commitment to add 1GW each of new solar PV and wind each year, Turkey’s need for energy storage is coming sooner rather than later. 

A consortium of developers has achieved financial close for US$1.3bn in debt facilities for the Red Sea project, a huge resort under construction off the coast of Saudi Arabia which plans to have the largest off-grid battery energy storage system at 1,200-1,300MWh.

Creating a wider ecosystem of services and software is essential for system integrators to stay ahead, according to Julian Jansen at Fluence.

Asia-Pacific will overtake North America as the biggest utility-scale energy storage (UES) market by annual installed gigawatts (GW) by 2024-2025, according to a new report by Guidehouse Insights, one to two years later than in the firm’s previous forecasts.

The energy storage division of solar PV inverter manufacturer Sungrow has signed a 430MWh battery energy storage system (BESS) contract with Israel’s Enlight Renewable Energy. 

The Solar Media editorial team reflect on what’s proven to be a frenetic 12 months for the global solar PV and energy storage industries.