In the rapidly growing but still relatively new battery energy storage sector, equipment procurement and integration for large projects presents numerous risks.
On Friday (4 October), the US Department of Energy (DOE) announced Australia as an international collaborator on its Long Duration Storage Shot initiative.
The European Commission has approved a €1.2 billion (US$1.32 billion) state aid package for Poland to support the deployment of electricity storage facilities.
Philippines President Ferdinand ‘Bong Bong’ Marcos Jr has attended the inauguration of the country’s first lithium iron phosphate (LFP) battery factory.
The EU’s security requirements for energy assets including energy storage are increasing as the risks grow, particularly in Central and Eastern Europe (CEE).
The Australian government’s Department of Industry, Science and Resources has indicated that lithium-ion batteries are poised to “dominate” stationary storage for durations under 4-hours, but alternative technologies could surpass them for long duration energy storage (LDES).