The European Union’s new Batteries Regulation will be a driver of change in how the energy storage system industry thinks about procurement and managing batteries at the end of life.

Marubeni Corporation will build and own a large-scale battery energy storage system (BESS) on Japan’s northern island of Hokkaido.   

The Michigan Public Service Commission (MPSC) has approved a bid made by the DTE Electric Company to replace a coal-fired power plant in Michigan with battery storage.

Bulgaria’s Ministry of Energy has launched two tenders to add 1,425MW of renewable power generation to the grid and 350MW of battery energy storage system (BESS) projects.

Executives from Northvolt discussed the gigafactory company’s ramp-up after a slow 2023 and how the company intends to be competitive in the global market, as well as cell technology, recycling, sourcing from China and an eventual IPO.

Solar Energy Corporation of India (SECI) has begun the process of tendering for 4,000MWh of grid-scale battery storage which will be supported by government Viability Gap Funding.

ZEN Energy has raised financing from US infrastructure investor Stonepeak towards a 111MW/290MWh battery storage project in South Australia.

The operating capacity of battery storage in the US grew by 7.9GW last year, bringing the country’s total cumulative installed base to 17GW by the end of 2023.

Two years of volatility in the lithium-ion battery storage industry have seen prices tumble and a host of supply-chain complexities come to the fore.