Long duration energy storage technologies like flow batteries, compressed air or gravity-based solutions look set to enter the market at scale in the second half of the 2030s, according to the DNV Energy Transition Outlook.
Recently-formed energy storage developer Ingrid Capacity is building a 70MW battery storage facility in Sweden for a H1 2024 delivery date, the largest planned in the Nordic country.
Renewable developer Scatec and energy group EDF have signed a binding agreement with the government of Malawi to develop a hydropower plant with 309MW/7,000MWh of pumped hydro energy storage.