A major upturn in US energy storage deployments is expected as a direct consequence of the Inflation Reduction Act.

Long-duration energy storage was firmly on the agenda and among the talking points of attendees at Energy Storage Summit EU in London.

The US utility-scale battery storage sector achieved its highest-ever annual deployments in 2022, a year in which solar PV and wind underperformed against expectations.

Developer PowerField’s first large-scale battery storage projects in the Netherlands will be installed at solar PV parks, allowing them to connect to an otherwise congested grid network.

The UK’s T-4 Capacity Market auction has cleared in its third round at a record high of more than double the previous record high price.

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

Australia has an “urgent need” for long-duration energy storage, along with new generation resources and transmission infrastructure.

Grid operators from across Europe believe energy storage is a vital flexibility resource that should be incentivised.

Recommendations for how the US can double its lithium battery revenues have been published by Department of Energy’s Li-Bridge partnership.

Sumitomo Electric will step up its VRFB business in the US, with plans to invest in local production and installation capabilities.