Investors are now becoming more comfortable with battery storage in the UK, with projects being profitable and cost-effective, according to industry experts.

France’s first high-voltage transmission grid-connected battery project colocated with a solar PV plant will be equipped with a battery energy storage system (BESS) from Saft.

Microsoft, Google and 10 other companies have joined the Long Duration Energy Storage (LDES) Council, a CEO-led organisation launched at COP26 in November to push for the global deployment of technologies that can store and discharge energy for eight hours or longer.

Georgia Power has filed its 2022 integrated resource plan (IRP), highlighting the decreasing economic viability of it coal and seeking to add resources including renewables, gas and battery storage.   

LG Energy Solution has signed a five-year supply deal for lithium hydroxide from Germany-headquartered Vulcan Energy Resources, which aims to establish carbon emissions-free extraction facilities. 

Battery storage companies raised 159% more corporate funding in 2021 than in 2020, with funding activity reflecting the “significance of battery energy storage in the energy transition,” analysis group Mercom Capital has said. 

Tesla is ambitious to grow its energy storage business in 2022, after it reported a 32% year-on-year increase in battery storage deployments, executives including CEO Elon Musk have said.

Hydrostor believes it can get three advanced-compressed air energy storage (A-CAES) projects totalling 1.1GW/8.7GWh built in California and Australia by 2026, but regulators elsewhere need to remove barriers for A-CAES and other long-duration storage technologies to thrive, the company’s CEO has said.

Canada-headquartered renewable energy project developer-owner Amp Energy is to build what it is claiming are Europe’s two largest grid-connected battery storage facilities, each of 400MW / 800MWh.

An eight-hour duration lithium-ion battery project has become the first long-duration energy storage resource selected by a group of non-profit energy suppliers in California.