Democrat lawmakers in Michigan have proposed a bill requiring utilities to have a combined 2,500MW of energy storage online by 2030, and are mulling a specific target for long-duration technologies.
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.
Inverter supplier Sungrow and developer Constantine Energy Storage are partnering on 825MWh of BESS projects in the UK, including two with discharge durations of nearly three hours.
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.
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.
