The US utility-scale battery storage sector achieved its highest-ever annual deployments in 2022, a year in which solar PV and wind underperformed against expectations.

West Virginia governor Jim Justice has signed off on a US$105 million grant to Form Energy for its iron-air battery plant in the state in a ceremony.

The US Department of Energy’s Loan Programs Office (LPO) has announced a US$375 million loan to lithium-ion recycling firm Li-Cycle to finance its material recovery facility in Rochester, New York.

The ESS is not a simple mechanical stack-up, its  success being based on expertise in different fields, including electrochemistry, power electronics and power grid support technologies.

Infradebt has made the first close of a fund dedicated to investing in large-scale battery storage projects around Australia.

The broader portfolio and management team are critical to securing investment for individual energy storage projects, said senior figures at asset managers Blackrock and Impax.

CSI Energy Storage, part of Canadian Solar, will supply 487MWh of its battery energy storage solution Solbank to developer Aypa Power.

Trina Storage is developing an energy management system (EMS) as a major strategic priority for its business.

There is more work to be done on ensuring alignment between maximising grid-scale battery revenue and maximising system benefits, said panellists on Day 2 of the Energy Storage Summit.