Asia-Pacific will overtake North America as the biggest utility-scale energy storage (UES) market by annual installed gigawatts (GW) by 2024-2025, according to a new report by Guidehouse Insights, one to two years later than in the firm’s previous forecasts.
Responding to increasing demand for dispatchable renewable energy resources, GE Renewable Energy has opened a factory for ‘Renewable Hybrid’ technology solutions and equipment in Chennai, India.
Experts from the Australian National University explain how battery storage installed at neighbourhood level can benefit a very wide range of stakeholders.
Gore Street Capital, one of two stock market-listed battery storage developer-investor funds in the UK, is seeing its revenues for providing frequency response ancillary services hit record highs.
Cross-party backing for a new fossil fuel power plant in Australia has been criticised by experts and clean energy industry voices, who have said battery storage would be a more viable option to provide peaking capacity.
Industry stakeholder organisations from across Europe have come forward to urge the European Union to support the adoption of long-duration energy storage in its European Green Deal.
The Indian government’s decision to classify grid-scale energy storage as infrastructure addresses the industry’s “biggest concerns” by making investments easier to facilitate, Energy-Storage.news has heard.
Battery storage companies raised 159% more corporate funding in 2021 than in 2020, with funding activity reflecting the “significance of battery energy storage in the energy transition,” analysis group Mercom Capital has said.
An eight-hour duration lithium-ion battery project has become the first long-duration energy storage resource selected by a group of non-profit energy suppliers in California.
