The European Commission has approved a €1.2 billion (US$1.32 billion) state aid package for Poland to support the deployment of electricity storage facilities.

We hear from IPP Greenvolt about its big wins for BESS projects in last year’s capacity market (CM) auction in Poland.

Eku Energy has begun its first battery storage project in Japan, while Gore Street Capital has raised funding for the country’s first energy storage-dedicated fund.

Philippines President Ferdinand ‘Bong Bong’ Marcos Jr has attended the inauguration of the country’s first lithium iron phosphate (LFP) battery factory.

The EU’s security requirements for energy assets including energy storage are increasing as the risks grow, particularly in Central and Eastern Europe (CEE).

Hungary’s subsidy scheme for energy storage will drive huge growth in BESS deployments over the next few years.

Adam Shinn, Michael Cosgrave and Ross Kiddie report on efforts to mitigate the risks of thermal runaway and the future of BESS insurance.

The decision to slash energy storage de-rating factors for the next capacity market auction in Poland will not be the death knell of the market, and may actually have some positives, project developers and IPPs said.

IPP Grenergy has acquired a 1GW solar PV portfolio and 1GW of energisation lines in Chile which will allow the hybridisation of 6GWh.