Modo Energy has said that revenue for BESS in Australia’s NEM fell by 7% month-on-month in January, despite revenue tripling in Queensland.

The Energy-Storage.news team brings you daily highlights and insights from the Energy Storage Summit EU in London, UK.

On the first morning of the Energy Storage Summit, an expert panel faced pressing questions from Europe’s energy storage professionals.

Investor Macquarie’s storage platform Eku Energy’s market entry and strategy speaks to the broader emergence of storage as an infrastructure asset, which its CEO discussed with us, also giving his views on BESS capex and procurement.

Fluence has launched a new AC-based modular battery storage platform for delivery in the fourth quarter of this year.

We caught up with the CEO and strategy director of ‘green flexibility’, a German BESS operator platform whose management team is largely made up of executives formerly from home energy and VPP firm sonnen.

The Gore Street Energy Storage Fund (GSF) was one of the early movers in the UK BESS industry and now has operational assets in Great Britain (GB), Ireland, Germany, Texas and California.

UBS Asset Management has selected data analytics software company ACCURE to optimise a portfolio of battery storage assets in Texas, US.

Virtual power plants (VPPs) are networks of small-scale, distributed energy resources, such as solar panels or batteries (and in some instances vehicles) which can together function as a single power plant, providing stability to the electric grid.

Battery storage played a crucial role in the Baltic region’s switch from Russia over to the Continental European grid over the weekend, coinciding with Lithuania launching a €100 million storage support scheme.