Financial performance will ultimately determine the success of AI-based battery storage optimisation platforms, Gridmatic told Energy-Storage.news in response to recent comments from one developer.

South Africa hospital operator eyes non-lithium energy storage for PV optimisation, peak shaving & resiliency

Energy-Storage.news caught up with Energy Vault CEO Robert Piconi to primarily discuss its gravity-based energy storage solution which, putting it mildly, has its fair share of sceptics.

Enel has revealed the role its digital and distributed technology arm is playing in a European Union-funded project to simplify integration of energy storage systems.

The Q2 2023 edition of our journal, PV Tech Power, is now available to download, including ‘Storage & Smart Power’ by Energy-Storage.news.

Europe’s biggest battery storage system earned £2.3 million (US$2.85 million) revenues in Q1 2023.

A battery storage system made with second life EV batteries has been developed by carmaker Toyota and Japanese utility company Tokyo Electric Power.

Energy optimisation software provider Peak Power has received US$35 million investment, while startup Financial Machines has launched its own platform, with both targeting the US energy storage market.

Another edition of news in brief, this time from the UK’s booming large-scale battery energy storage system (BESS) market.

UK-based utility Octopus Energy will optimise UK battery storage projects for UAE-based Masdar, which has committed to investing £1 billion (US$1.25 million) in the country’s grid-scale market.