While decreases in costs continue to make energy storage more and more competitive, financial advisory and asset management firm Lazard has highlighted just how variable project economics can be, citing examples of US projects with 9%, 11% and 21% IRR (internal rate of return).

German renewables funder Capital Stage is lining up its first battery storage move, but stressed it could be some time before business models are mature enough.

The UK’s large-scale battery storage installations have reached 100MW of capacity, made up of around 50 individual sites larger than 250kW. Lauren Cook of Solar Media’s Market Research team discusses how this point has been arrived at and what we might expect to see coming next.

The Green Climate Fund (GCF) is providing a US$12 million grant as additional financing for 6MW of grid-connected solar PV combined with 3MW/12MWh of battery energy storage projects on the Cook Islands.

Nidec ASI has been selected to construct and maintain four PV plants with co-located energy storage systems on the French island territory of Corsica.

Australia has launched new interactive maps of the electricity grid specifically to support decentralised usage of distributed energy resources (DERs) including battery storage, renewable energy and smart demand management.

ZEN Energy’s newly appointed chairman has said he believes there is a “great future for energy-intensive industries in Australia,” as his company approved a 1GW plan for dispatchable renewables aimed at South Australia’s commercial and industrial sector.

Having been subject to discussion for years within the academic sphere, energy storage projects have become a topic of high interest to energy sector focused investors in recent years. Philipp Lobnig of E-nable+, an online platform connecting energy projects with investors, offers his views on the key questions these investors should be asking.

Updated: Singapore’s Energy Market Authority (EMA) will trial the use of lithium batteries and redox flow energy storage to help integrate renewable energy onto its grid, delivering services both in-front and behind-the-meter.

Indian Discom (distribution company) Tata Power Delhi Distribution Limited (Tata Power-DDL) and German government-owned entity GIZ have signed a memorandum of understanding (MoU) to work jointly on promoting rooftop solar, energy storage systems, EVs and smart grid initiatives.