There is a four-fold difference between how much energy storage the US Department of Energy (DOE) forecasted would be deployed by 2040 before the Inflation Reduction Act (IRA), and how much it now forecasts.

A battery storage ‘gigafactory’ in India will commence operation in October this year, with a planned ramp-up to 20GWh annual production capacity within three years.

Marubeni Corporation will build and own a large-scale battery energy storage system (BESS) on Japan’s northern island of Hokkaido.   

The Michigan Public Service Commission (MPSC) has approved a bid made by the DTE Electric Company to replace a coal-fired power plant in Michigan with battery storage.

Bulgaria’s Ministry of Energy has launched two tenders to add 1,425MW of renewable power generation to the grid and 350MW of battery energy storage system (BESS) projects.

Solar Energy Corporation of India (SECI) has begun the process of tendering for 4,000MWh of grid-scale battery storage which will be supported by government Viability Gap Funding.

ZEN Energy has raised financing from US infrastructure investor Stonepeak towards a 111MW/290MWh battery storage project in South Australia.

Two years of volatility in the lithium-ion battery storage industry have seen prices tumble and a host of supply-chain complexities come to the fore.

Construction has kicked off at the largest battery project in Australia to date, with a storage capacity equivalent to the entire country’s fleet of projects in construction at the end of 2022.

The UK’s House of Lords Science and Technology Committee has said government must make “major decisions about future energy infrastructure”.