Any new energy technology asset class comes with risk that needs to be recognised, write Liam McEneaney and Daniel Stevens at AXIS Insurance.

Development of battery systems to help integrate renewables and boost grid reliability continues to pick up pace in New South Wales.

California investor-owned utility SDG&E has completed construction of a 40MW battery energy storage system (BESS) and started work on four storage-enabled microgrids totalling 39MW.

Independent Power Producer (IPP) FirstLight Power will replace its Tunnel Jet peaking facility in Connecticut, US, with a battery energy storage system by 2024/25.

A trio of projects using electric vehicle (EV) batteries and charging infrastructure to support the grid in California have been announced this week.

Ireland’s national planning body has approved a €140 million battery storage facility proposed by Strategic Power Projects in County Kildare.

EnergyAustralia is tentatively planning to build a 500MW battery energy storage system (BESS) on land it owns in New South Wales.

Energy project integrator Ameresco and utility Bright Canyon Energy have broken ground on a solar and storage project with a 168MWh battery system at the Joint Base Pearl Harbor-Hickam West Loch Annex in Hawaii.

Investor Quinbrook has sold a 49% stake in the 1.4GWh Gemini solar-plus-storage project in Nevada, US, to Dutch pension asset manager APG.

Automotive giant General Motors has launched a new division providing energy storage and energy management solutions.