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Long duration energy storage technologies like flow batteries, compressed air or gravity-based solutions look set to enter the market at scale in the second half of the 2030s, according to the DNV Energy Transition Outlook.

Any new energy technology asset class comes with risk that needs to be recognised, write Liam McEneaney and Daniel Stevens at AXIS Insurance.

Recent policy developments in the US and European Union represent a considerable uplift to prospects for global energy storage deployment.

To stay in line with net zero emissions objectives, Canada will need to install between 8GW and 12GW of energy storage by 2035.

Energy storage must play central role in Europe’s energy security, enabling integration of renewable energy and lowering power prices.

New large-scale battery storage in Australia will increase competition and put downward pressure on costs of ancillary services.

The government of Ontario, Canada, has ordered the procurement of at least 1,500MW and up to 2,500MW of energy storage.

Turkey’s moves to adapt energy market rules will create “exciting” opportunities for energy storage and renewables.

The mismatch between supply and demand for lithium batteries presents a challenge to the global transition to sustainable energy.