The latest Firm Dispatchable Renewable Energy (FDRE) tender, hosted by the Solar Energy Corporation of India (SECI), has selected winners.

AEMO says the NEM has seen energy trading for battery energy storage systems (BESS) revenue rise 97% year-on-year (YoY) to AUS$25.4 million.

The Board of Supervisors at California’s San Diego County voted to establish standards for the siting of battery storage facilities at a meeting held 17 July 2024, following two recent fires.

Australian utility Origin Energy has approved the second stage of the Eraring battery energy storage project in New South Wales, Australia.

Japan is one of the most talked-about emerging grid-scale energy storage markets in Asia, and featured prominently at the Energy Storage Summit Asia.

The US Department of Energy has issued a loan of up to US$861.3 million to support 200MW solar PV and 285MW/1,140MWh BESS in Puerto Rico.

According to Mercom Capital, companies in the energy storage space raised US$15.4 billion in corporate funding globally in the first half of 2024.

Italian renewables company Redelfi has launched an energy storage development platform in the US, while US investor Bluestar Energy Capital has entered the European market.

Toronto, Ontario-headquartered Hydrostor is proposing to deploy one of its advanced compressed air energy storage (A-CAES) facilities in Greater Napanee, Ontario.

Winning bids as low as IR3.41/kWh (US$0.041/kWh) have been registered in a tender for solar PV paired with battery storage hosted by the Solar Energy Corporation of India (SECI).