A 110MW/440MWh battery storage project in New York has been given the green light by regulators, ahead of the launch of tenders which could create a significant market opportunity in the state.

NHOA has been selected to deliver a large-scale battery energy storage system (BESS) which will play into Italy’s capacity market.

BESS with up to 4-hour duration helping to meet summer peaks, but long-duration energy storage may be key to managing winter demand.

Company valuations and developer premiums for project sales have come down in the UK market amidst rising financing costs and plummeting revenues.

Cumulative energy storage installations will go beyond the terawatt-hour mark globally before 2030 excluding pumped hydro, with lithium-ion batteries providing most of that capacity, according to new forecasts.

Falling cryptocurrency prices have led to a crypto mine developer to propose a battery storage facility in the city of Corpus Christi, Texas.

Legislation that requires battery storage facilities to put in place safety and communication protocols has been signed into law.

Nova Scotia’s clean energy plan would see the Atlantic Canadian province deploy between 300MW and 400MW of battery storage by 2030.

“We think this is the first battery cell which is designed from the end users’ point of view, based on how they want to use it,” EVE Energy’s head of energy storage Steven Chen says.

Global residential energy storage shipments fell year-on-year for the first time in the second quarter of 2023, S&P Global said, amidst less energy price volatility, high inventories and rising costs.