Investors are becoming increasingly comfortable with energy storage as an asset class but numerous regulatory and market design hurdles remain across European markets.

The first awards of funding designed to “turbocharge” UK projects developing long-duration energy storage technologies have been made by the country’s government, with £6.7 million (US$9.11 million) pledged. 

Asia-Pacific will overtake North America as the biggest utility-scale energy storage (UES) market by annual installed gigawatts (GW) by 2024-2025, according to a new report by Guidehouse Insights, one to two years later than in the firm’s previous forecasts.

Enel X, one of the winners of contracts tendered by Italy’s transmission operator to provide fast response frequency reserve to the grid, has contracted Fluence to supply two battery energy storage system (BESS) solutions. 

Funding has been raised towards the execution of two battery energy storage projects in Virginia and Texas with a total capacity of 400MW / 1,400MWh, from a partnership of two investment groups and a power project development company.

When the frequency of Ireland’s electricity grid dropped below normal operating range in May, two large-scale battery storage projects stepped in to help within 180 milliseconds, injecting power to help support and stabilise the network.

Investment in energy storage in the US has gradually built up momentum, but what will really take it into the mainstream – and when? A panel of financiers discuss their opinions and experiences in this panel session.

It is increasingly becoming recognised that energy storage is crucial in helping the UK to meet its targets for reducing emissions and ensuring reliability of the energy system. In this panel discussion from the Energy Storage Summit 2021 held earlier this year, experts and stakeholders discuss what sort of changes might need to happen to make that contribution possible.

Experts, technology providers and energy system stakeholders discuss how the need for long-duration energy storage can be met, in this panel discussion from the Energy Storage Summit USA hosted earlier this year by our publisher Solar Media.