The Baltics is among the most attractive regions in Europe for battery energy storage system (BESS) investment right now, with the recent decoupling from Russia and increasing renewable energy use sending flexibility needs soaring.
Victoria, Australia, has seen just under 5GWh of battery energy storage systems (BESS) granted approval for development by the state and federal governments.
Projects supported by the UK government’s long-duration energy storage (LDES) cap-and-floor could significantly dampen price spreads but also affect non-LDES flexibility assets.
Regulated utility Dominion Energy last week received the green light from local officials to develop a 100MW/400MWh BESS in Fauquier County, Virginia.Â
Several Chinese companies active in the energy storage space have recently released their financial reports for H1 2025, with the majority posting strong growth. Their energy storage business segments have been a key driver of that growth.
China has published a national plan to promote large-scale energy storage facilities, encouraging investment and broader participation in the electricity market.