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.

Imperial County has approved schemes to incentivise investment into lithium value chain, leveraging the region’s abundant brine resources.

Proposed changes to rules and regulations will strengthen the Philippines’ position as leading energy storage market in the ASEAN region.

The US’ installed base of large-scale battery storage systems is expected to double in megawatt terms during 2023.

Energy Networks Association has called on UK government to update energy security strategy to include energy storage by the end of 2023.

“Overall we are very happy with the direction of the budget,” says Dr Rahul Walawalkar, president of the India Energy Storage Alliance (IESA).