The market for grid-connected energy storage will defy the “headwinds” caused by the coronavirus pandemic on industries across the world, analysis firm IHS Markit has predicted.

Australian utility AGL is now inviting tenders to procure battery storage which will help it meet climate and sustainability goals – but the company expects to be economically dependent on coal as well as gas for years to come.

Germany company Voltstorage, claiming to be the only developer and maker of home solar energy storage systems using vanadium flow batteries, raised €6 million (US$7.1 million) in July.

Lithium battery cells will be rolling off a production line at a 16GWh-capacity factory in France in 2023, with manufacturing startup Verkor then planning to scale up to 50GWh “in line with market dynamics”.

A renewable energy project that could provide up to 20% of Singapore’s electricity needs has been fast tracked by the Australian government.

Western Australia will invest AU$56.3 million (US$40.11 million) in solar power as part of a new renewable energy plan designed to kickstart the state’s economy following the impacts of the COVID-19 pandemic.

The investment case for battery energy storage has really come of age and Ben Irons at grid-scale battery optimisation company Habitat Energy explains why, in this webinar and Q&A.

The Australian Energy Market Commission (AEMC) announced today that five minute settlement windows for spot prices in the National Electricity Market (NEM) will be implemented from 21 October 2021.

Coal retirements, liberalised energy markets and declining costs continue to improve the business case for energy storage in Australia, but the coronavirus pandemic is among factors creating uncertainties and risks, new research has found.

Fluence’s proposal to use two large-scale battery storage systems to ease electricity transmission issues between the Australian states of Victoria and New South Wales has been published by the Australian Energy Market Operator (AEMO) this week.