Infradebt has made the first close of a fund dedicated to investing in large-scale battery storage projects around Australia.

The broader portfolio and management team are critical to securing investment for individual energy storage projects, said senior figures at asset managers Blackrock and Impax.

CSI Energy Storage, part of Canadian Solar, will supply 487MWh of its battery energy storage solution Solbank to developer Aypa Power.

Energy storage and smart grid solutions firm Alfen is deploying a 30MW/68MWh battery storage project in the Netherlands for commissioning later this year, the largest under construction in the country.

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.

The role of energy storage in helping Europe’s energy security is increasingly being recognised, said keynote speakers at The Energy Storage Summit EU today, hosted by our publisher Solar Media.

Canadian utility NB Power has issued a Request for Expressions of Interest (REOI) seeking to establish 50MW of energy storage and 220MW of renewables capacity in New Brunswick, Canada.

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.

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

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