Serentica Renewables has signed an offtake deal for 1.5GWh of pumped hydro energy storage in two Indian states with Greenko Group.

The government of Bangladesh and potential investors into energy storage in the South Asian country were handed a European Union-funded roadmap for the technology’s development last week.

Vietnam’s energy storage sector a priority for Asian Development Bank and Global Energy Alliance for People and Planet funds.

The Asian Development Bank is providing financing to Tata Power Delhi Distribution Limited towards a 10MWh pilot project in Delhi, India.

A total of 16GW was added last year, equivalent to a 68% of year-on-year growth.

Long-duration energy storage was firmly on the agenda and among the talking points of attendees at Energy Storage Summit EU in London.

Ministry of Power has issued guidelines for the adoption of PHES as a key technology for India’s renewable energy ambitions.

“Overall we are very happy with the direction of the budget,” says Dr Rahul Walawalkar, president of the India Energy Storage Alliance (IESA).

Singapore-based VFlowTech has raised a US$10 million Series A to set up a manufacturing facility and scale up production of its 250kWh vanadium flow battery product.