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.

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.

A public consultation regarding the auction will be launched in the coming days, while capacity and funding details have yet to be disclosed.

Investor DTEK will build 200MW of battery energy storage systems (BESS) in Ukraine as the country enters its third winter of war with Russia, with continued attacks on its electricity infrastructure looming.

Rimac Energy’s SineStack battery energy storage system (BESS) will deliver ‘zero energy capacity fade’ for the first two years of operation.