Arclight Capital Partners has committed US$150 million to its energy storage platform Elevate Renewable Energy for deploying battery storage alongside its legacy thermal plant portfolio.

India has committed to helping fund 4,000MWh of battery storage in its Union Budget and will come up with support mechanisms for pumped hydro.

Austria-based utility Verbund is targeting 1GW of battery storage by 2030, it revealed in a ribbon-cutting ceremony for a recent project in Bavaria, Germany.

Solar Media Market Research analyst Mollie McCorkindale offers insight into the market’s progress in 2022, another record-breaking year.

The virtual power plant (VPP) network of residential solar and battery storage provider Sunrun in the US is being managed by Lunar Energy, a recently-formed firm in which Sunrun is a shareholder.

Lithium-ion battery recycling firm Li-Cycle saw its overall revenues fall 32% in its fourth quarter, due to two separate factors related to a fall in metals prices.

California’s net metering successor is controversial, but residential battery storage providers Neovolta and Sonnen have greeted it warmly.

This edition of news in brief from around the world in energy storage comes from our UK colleagues at Solar Power Portal.

Infrastructure developer and investor Equis is seeking approval for a 200MW/800MWh battery storage project in Queensland, Australia.