Despite geopolitical unrest, the global energy storage system market doubled in 2023 by gigawatt-hours installed. Dan Shreve of Clean Energy Associates looks at the pricing dynamics helping propel storage to ever greater heights.

Utility EWEC (Emirates Water and Electricity Company) has invited developers to submit expressions of interest (EOI) for a 400MW battery energy storage system (BESS) project in the UAE.

The US Department of Agriculture (USDA) is putting US$2.3 billion into projects increasing energy resiliency in rural communities, with two energy storage projects already shortlisted for awards in Arizona and Nebraska.

The regulator in Germany has given the green light to transmission system operator (TSO) Amprion’s five ‘decentralised grid booster’ BESS projects, totalling 250MW.

EU body EIT InnoEnergy has launched a new platform for owning and operating energy storage assets across Europe, called Repono, targeting a 10% market share of an expected 1TWh market by 2030.

The US Department of Energy (DOE) will allocate over US$366 million for 17 clean energy projects in rural and remote areas in the US. 

This Friday Briefing covers how advanced inverters can impact CO2 levels and why fire safety is a topic the industry can tackle together.

The UK electricity system operator’s T-4 Capacity Market Auction (CMA) for delivery year 2027/28 cleared earlier this week (27 February) after two rounds at an “all-time high” clearing price of £65 (US$82.23)/kW/year.

Fluence has been issued the required Notice to Proceed on a battery storage project in Australia, which will provide inertia services via the system’s advanced inverter equipment.

Energy Storage Canada (ESC) is “thrilled” that the Canada Infrastructure Bank’s (CIB’s) investment into a large-scale battery storage portfolio will enable Indigenous communities to hold a stake in it.