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Market Analysis

Battery energy storage system (BESS) equipment at the factory of Turkish system integrator Inovat. Image: Inovat.

Turkey begins energy storage licensing with over 200GW of applications received

April 17, 2023
Turkey pre-licensing energy storage facilities paired with renewables, with around 20GW expected to be granted within three years.
Kathy Hochul, Governor of New York. Image: Governor Kathy Hochul official Flickr.
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New York at risk of missing 6GW by 2030 target

April 13, 2023
New York’s energy storage market is set for take-off, but it could come too late to meet a targeted 6GW of deployments by its 2030 deadline.
Saxony solar plus storage project innovation tender

Evolution of business models for energy storage systems in Europe

April 11, 2023
Energy networks in Europe share a common need for energy storage. What that looks like from a market perspective is evolving.
Key Capture Energy New York

Hunting the ‘missing money’ in New York’s energy storage market

April 4, 2023
New York is often considered among leading US states for energy storage, based on ambition and favourable policy direction rather than action.
Centrica's Roosecote battery energy storage system (BESS) project in England. Image: Centrica.

UK Infrastructure Bank, Centrica to invest up to £265 million in energy storage

April 4, 2023
UK Infrastructure Bank plans to invest up to £265 million (US$331.45 million) in energy storage development in the UK, in partnership with British Gas owner Centrica Plc.
An example of a neighbourhood battery system in West Australia, installed in a trial by Western Power. Image: Western Power.

Australia injects AU$120 million funding to ‘fix knowledge gap’ on community battery storage

April 4, 2023
An AU$120 million (US$81.34 million) government funding round has opened in Australia for community battery energy storage projects.
Worley-Image

Solving the battery supply chain’s structural deficit with modular, standardised approaches

April 3, 2023
A fundamental rethink of the supply chain is required, writes Greg Pitt, VP of battery materials at Worley.
Philippines president Ferdinand R. Marcos Jr cuts the ribbon to inaugurate ABB's BESS project in June. Image: Gov't of Philippines official photo.

Philippines president says energy storage has ‘vital’ infrastructure role to play  

April 3, 2023
It is “vital” that energy storage systems are incorporated into the energy infrastructure of the Philippines, president has said.
Then-state premier Steven Marshall speaks at the 2018 opening of a factory in South Australia by home ESS maker Sonnen. The state accounted for 27% of market volume in 2022 and leads in per-household installations. Image: Sonnen.

Australia’s residential energy storage market grew 55% in 2022

April 3, 2023
The Australian market for residential battery storage grew by an estimated 55% in 2022 from the previous year, according to SunWiz.
Wartsila colbun Chile

Wärtsilä’s GridSolv Quantum BESS gets ‘best possible outcome’ from UL9540A fire safety testing

March 30, 2023
Wärtsilä’s battery energy storage system (BESS) product Gridsolv Quantum has achieved the “best possible outcome” in UL9540A testing.

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ROUNDUP: FlexGen data centre partnership, Energy Vault ERCOT BESS for Jupiter Power, Stem supports rPlus Energies in Utah

Powin could cease operations by end of July if ‘present business circumstances do not improve’

US import tariff analysis spells out extent of challenge facing US battery storage industry

Powin’s ‘significant financial challenge reflective of industry headwinds,’ company says

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California Energy Commission public information meeting for Engie BESS project draws huge interest

California launches US$280 million solar and battery programme for low-income households

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