Inverter and BESS company Sungrow has signed a deal with developer Nofar Energy for a 230MWh project in Saxony-Anhalt, Germany.

Battery storage project development costs will continue to fall in 2024 as lithium costs decline “significantly,” according to BMI Research.

The Australian federal government’s 2024-2025 budget includes a major investment in clean energy manufacturing and an energy bill rebate for households.

The Biden Administration will more than triple the tariffs paid on batteries and battery parts imported from China, from 7.5% today to 25%, in a huge move for the industry announced today.

Paper product company Arctic Paper has tied up with developer S.E.R to deploy BESS projects for ancillary services totalling 24MW at two of its factories in Sweden, with plans to do something similar in Poland.

Commissioning has been completed on the first commercial-scale project using Energy Vault’s gravity energy storage technology, while the firm has also secured a 400MWh BESS order for a project in Australia. However, it expects revenues this year to be 70-85% lower than 2023.

Power management tech company Eaton and developer/IPP Endurant Energy are deploying 150MWh of BESS across 10 projects in New York City.

Global battery energy storage system (BESS) integrator Fluence saw an 11% revenue drop in revenues in the three months ending 31 March, 2024, while it is also launching a higher energy density product and US module production this year.

The state of Queensland, Australia, has committed to investing AU$448 million into battery storage technology at a coal power plant.