Energy storage funds managed by UK-based Gore Street Capital and Gresham House increased their net asset value (NAV) per share in 2022, but by very different rates.

The Netherlands needs 10GW of battery storage by 2030 and, while the market is being held back by onerous grid fees, developers like Lion Storage are working on deploying multi-hundred megawatt systems.

Switzerland’s largest energy firm Axpo has entered the battery storage market in Sweden, buying a project from developers RES and SCR set to come online in 2024.

The government of Queensland has said keeping energy sector in public ownership will be key to an orderly transition away from fossil fuels.

Utility Zen Energy has acquired a large-scale 2.5 hour battery storage project from developer and IPP RES in Australia, expected to be online by the end of next year.

This edition of news in brief from around the world in energy storage focuses on virtual power plant action in the US.

Origis Energy has obtained a US$750 million credit facility for its solar and energy storage development project pipeline in the US. 

Construction has started on two battery energy storage system (BESS) projects in Idaho which will be delivered by Powin Energy.

The faulty activation of sprinkler system forced the decommissioning of the LG batteries which were eventually stolen from Terra-Gen’s Valley Center BESS in California, the company told Energy-Storage.news.