The ‘hype cycle’ around long duration energy storage (LDES) is coming to an end and 2023 will be the year when companies must prove their technology can live up to its promises.

Battery storage can enhance the operation of power plant fleets, whether wind, solar, coal, gas or almost any other technology.  

Nispera, the asset performance management platform for renewable energy acquired by Fluence has begun managing battery storage assets.

Multiple steps forward have been taken in Ontario in the development of Canada’s largest battery storage project to date.

Energy storage developer Eolian has completed an investment in two standalone battery energy storage projects in Texas, which it claims is the first use of the Inflation Reduction Act’s new tax credit incentives (ITC).

Redwood Materials will get a US$2 billion loan from the DOE’s Loan Programs Office (LPO) for its closed-loop lithium-ion anode and cathode material production plant in Nevada, US.

Sumitomo Electric will step up its VRFB business in the US, with plans to invest in local production and installation capabilities.

Imperial County has approved schemes to incentivise investment into lithium value chain, leveraging the region’s abundant brine resources.

A flurry of activity observed in C&I energy storage, hinting that industry players spy potential in underperforming market segment.

Global battery storage system integrator Fluence grew revenues 78% and doubled its gross profit margin in October-December 2022, its first financial quarter under the helm of new CEO Julian Nebreda.