UK-headquartered Zenobē Energy attracted the most venture capital (VC) funding of any company in the energy storage industry during 2023, as found by Mercom Capital.

Tesla’s energy storage and generation revenues have tripled since 2020, largely driven by deployments of Megapack battery storage systems.

Recurrent Energy, project development subsidiary of Canadian Solar, has secured a US$500 million equity investment from Blackrock.

The Edwards & Sanborn solar-plus-storage project in California is now fully online, with 875MWdc of solar PV and 3,287MWh of battery energy storage system (BESS) capacity, the world’s largest.

Up to US$16,000 in upfront incentives are available per customer for residential battery purchases in Connecticut after changes were made to a utility scheme in the US state.

Battery storage is playing an active role in helping New York City retire its fleet of peaker power plants, with around 700MW of its most polluting power generation assets already fully retired.

As storage plays an increasingly central role in the energy transition, so too is the importance of managing battery degradation. Giriraj Rathore of battery storage system integrator Wärtsilä Energy Storage & Optimisation explores some of the main strategies for successful battery augmentation, a key means of offsetting the impacts of system degradation.

This Friday Briefing looks at some big new projects already announced this year and the new BloombergNEF Tier-1 BESS list.

Developer and operator Strata Clean Energy has started construction on its 255MW/1,020MWh Scatter Wash BESS project in Arizona, US.

SK Gas and SK D&D, two companies in the South Korean SK Group conglomerate, have entered a joint venture (JV) for the ownership of energy storage facilities in the US with Apex Clean Energy.