Battery storage projects totalling 627MW were awarded contracts in the UK’s 2023-24 Capacity Market auction which concluded yesterday (14 February), nearly a two-thirds jump on last year’s.

Nispera, the asset performance management platform for renewable energy acquired by Fluence has begun managing battery storage assets.

A 60MWh battery energy storage project co-located with an existing solar PV plant has been proposed in Spain, the latest to qualify for a recently-announced €150 million package of grants.

Energy storage developer Eolian has completed an investment in two standalone battery energy storage projects in Texas, which it claims is the first use of the Inflation Reduction Act’s new tax credit incentives (ITC).

Hitachi Energy will supply equipment to improve the operational efficiency of a 45-year old pumped hydro plant in Austria for owner VERBUND.

German commercial and industrial (C&I) energy storage system firm Tesvolt is investing €60 million in a new manufacturing hub at its headquarters in Lutherstadt Wittenberg.

A battery storage system in the UK has begun delivery of reactive power services, claimed as a world first contract of its kind.

Redwood Materials will get a US$2 billion loan from the DOE’s Loan Programs Office (LPO) for its closed-loop lithium-ion anode and cathode material production plant in Nevada, US.

Sumitomo Electric will step up its VRFB business in the US, with plans to invest in local production and installation capabilities.