A total of US$17.6 billion was invested in the energy storage industry across 83 announced deals in the first nine months of the year, according to comms and market intelligence firm Mercom.

Specialist renewable energy insurance company kWh Analytics considers thermal runaway to still be the single most important risk that energy storage system developers must consider.

World leaders attending COP29 next month have been encouraged to sign a pledge to collectively increase global energy storage capacity to 1,500GW by 2030.

Australia’s energy minister, Chris Bowen, confirmed yesterday (21 October) that the government is seeking around 4GW of dispatchable power, such as energy storage, and 6GW of renewable energy generation in the next Capital Investment Scheme (CIS) tender round.

Installed battery storage capacity in California has grown from just 500MW in 2018 to more than 13,300MW at the latest count.

Minister of the Environment and Energy Security Gilberto Pichetto has signed a decree allowing Italy to proceed with its energy storage capacity market auction, known as MACSE, in the first half of 2025.

Three US-based independent power producers (IPPs) are currently seeking permission from the Minnesota PUC to construct new renewable energy facilities incorporating battery storage.

A lack of regulation and policy regarding BESS is challenging the growth of the technology in Latin America and the Caribbean.

The European Union’s transition to a renewable-energy-powered electricity grid will fail unless it does more to support and promote energy storage, according to the Energy Storage Coalition.

Lithuania can move ahead with a scheme to provide €180 million (US$200 million) in grants to energy storage projects after it was approved by the EU.