Australian utility Origin Energy has approved the second stage of the Eraring battery energy storage project in New South Wales, Australia.

Arizona utility Salt River Project has signed agreement for dispatch rights to 250MW/1,000MWh battery energy storage system (BESS) project.

Renewables developer Clearway Energy Group has closed a US$700 million construction financing on a portfolio of solar and storage projects in California, US.

Japan is one of the most talked-about emerging grid-scale energy storage markets in Asia, and featured prominently at the Energy Storage Summit Asia.

SSE Renewables has revealed plans to progress a 1.8GW pumped hydro project at Loch Fearna, Scotland, UK.

‘Not all providers are equal’ and using different ones for the same project has not proved problematic when it comes to BESS project augmentation, an executive from investment manager Gresham House said.

Eku Energy has seen its development application for a 250MW/500MWh BESS in the Australian Capital Territory (ACT), approved.

According to Mercom Capital, companies in the energy storage space raised US$15.4 billion in corporate funding globally in the first half of 2024.

A project combining gas turbines and BESS technology in the Czech Republic has been put into commercial operation.

Italian renewables company Redelfi has launched an energy storage development platform in the US, while US investor Bluestar Energy Capital has entered the European market.