The US battery storage market is struggling to adapt to rising raw materials costs and has reached a “crisis point”.

Australia logged its first year of annual battery storage deployment exceeding 1GWh in 2021.

A total of 1,613MW/4,727MWh of energy storage was installed in the US in the last quarter of 2021 according to Wood Mackenzie, which says annual residential storage installations will hit 2GW by 2026.

Battery storage will be a valuable asset for enhancing and upgrading the electric transmission and distribution (T&D) system of California.

Lithium iron phosphate (LFP) will be the dominant battery chemistry over nickel manganese cobalt (NMC) by 2028, in a global market of demand exceeding 3,000GWh by 2030.

The German battery storage market continues to be dominated by the residential segment which accounted for 93% of the 1,350MWh of capacity installed last year, according to research by a group of Aachen-based institutions.

Experts from LCP, Apricum and law firm CMS look at the development of financing and investment in UK battery storage.

The European Commission’s plan to lower dependency on Russian gas imports needs to focus on pairing renewable energy with energy storage.

The UK energy markets’s appetite for battery energy storage systems has grown and grown.

South African grid operator Eskom is close to finalising the launch of 832MWh of battery energy storage development, but eyes are on an even larger upcoming REIPPP-model procurement.