Two leading developers of energy storage resources in New York explain what the industry can get excited about as the market develops – and what it should be wary of.

Utility Xcel Energy has launched a ‘no money down’ resiliency offering for commercial and industrial (C&I) customers in Minnesota.

Enel Green Power will start building 1.6GW of battery storage projects in Italy this quarter, with the country’s utility-scale market expected to soar in the next three years.

Why recent awards of pre-licensing for large-scale projects in Turkey mean a “very promising market” for energy storage is about to open.

The UK’s battery energy storage market will grow to 24GW by the end of the decade and account for almost 9% of all global capacity installations, energy research firm Rystad Energy said.

Europe reached 4.5GW of battery storage capacity last year and could hit 95GW by 2050, according to figures from LCP Delta and Aurora Energy Research respectively.

Corporate funding activity into battery storage companies in the first quarter of 2023 fell considerably year-on-year and quarter-on-quarter, according to research from Mercom Capital.  

Nearly double the megawatt-hours of large-scale BESS under construction in Australia by the end of 2022 compared to 2021.

Vietnam’s energy storage sector a priority for Asian Development Bank and Global Energy Alliance for People and Planet funds.

Turkey pre-licensing energy storage facilities paired with renewables, with around 20GW expected to be granted within three years.