The business model for battery energy storage systems (BESS) in the US is changing rapidly, according to industry experts who gathered recently to discuss revenue strategies and market conditions.

Organic flow battery company CMBlu Energy has closed a €50 million (US$58.76 million) Series C financing with participation from Samsung Ventures.

Large-scale BESS projects have been completed or progressed in Bulgaria, Moldova, North Macedonia and Romania, including what is now the largest operational system in the CEE region.

What are the system needs that LDES is going to solve, and what technologies are most appropriate for those applications?

Sungrow’s BESS and grid-forming power conversion system (PCS) combined established system voltage within 19 seconds during black-start testing at the company’s newly established large-scale, plant-level grid-forming field test base.

Australia has installed 380,712 home battery storage systems, representing 10.7GWh of storage capacity, since the introduction of the Cheaper Home Batteries Program last year, Chris Bowen, Australia’s minister for climate change and energy, has disclosed.

Queensland has become the first state in Australia’s National Electricity Market (NEM) to discharge over 100GWh from utility-scale battery storage systems in a single month.

Lithium-ion battery cell degradation is one of the things that makes BESS a more complicated asset to manage than other clean energy technologies.

US renewable energy developer, Longroad Energy’s Sun Pond solar-plus-storage project in Maricopa County, Arizona, US has reached commercial operation.

Second life battery storage firm Moment Energy has announced a US$40 million Series B funding round to accelerate its battery factory.