There is more work to be done on ensuring alignment between maximising grid-scale battery revenue and maximising system benefits, said panellists on Day 2 of the Energy Storage Summit.

Planning approval has been given for Waratah Super Battery in Australia to help fill gap in energy supply from a retiring coal power plant.

Energy technology firm Wärtsilä completed a 125MW/250MWh battery storage project for REV Renewables in California in time to help CAISO deal with record heatwave conditions in September 2022.

Ministry of Power has issued guidelines for the adoption of PHES as a key technology for India’s renewable energy ambitions.

Zenobē Energy has started construction of a 300MW/600MWh battery energy storage project in Blackhillock, Scotland.

Vehicle-to-grid (V2G) firm Nuvve will use its platform to manage 40MW of EV chargers and battery storage capacity in frequency regulation markets in Norway and Denmark.

The global need for grid-scale energy storage will rise rapidly in the coming years as the transition away from fossil fuels accelerates.

Australia has an “urgent need” for long-duration energy storage, along with new generation resources and transmission infrastructure.

We hear from two battery storage insurance industry sources about how they view the technology and the main risks they assess when designing policies.