Utility Eneco and Corre Energy have signed an agreement for the latter to deploy a 320MW, 84-hour duration compressed air energy storage system (CAES) in Groningen, the Netherlands.

Despite macroeconomic challenges, Gore Street’s asset value surged 45% over six months as ancillary service revenues stayed strong.

ILOS Projects has secured a €500 million (US$531 million) structured finance facility from global energy and infrastructure investor EIG.

Australian energy ministers’ agreement to tender for renewable energy and energy storage is a “major breakthrough in federal policy”.

Europe needs to act now to prevent an outflow of investment from its burgeoning battery manufacturing ecosystem in light of the US’ Inflation Reduction Act, the EU-founded European Battery Alliance (EBA) has said.

Uptick in energy storage investment in region still largely powered by coal, experiencing population and energy demand growth.

The US industry deployed more than 5GWh of energy storage in the third quarter of 2022, close to half the entire amount of storage installed in the country in 2021.

In the past few days, EU policymakers have made decisions on key aspects of legislation that have been welcomed by industry group EASE.

Investor Claritas and system integrator Hynfra Energy Storage (HES) have signed a framework agreement to deploy half a gigawatt of utility-scale battery energy storage in Poland.