Specialist insurer Altelium has launched a new ‘all risk’ battery energy storage system (BESS) insurance solution, in partnership with global insurer and reinsurer MS Amlin.

Siemens’ international financing arm, US development bank NADBank and energy storage developer EnerSmart Storage have signed a US$78.2 million loan facility to finance a fully merchant battery storage project in California totalling 165MW.

Alongside its many benefits, growing deployments of energy storage will pose complex challenges around availability of data and resource planning for grid and distribution network operators.

News from around the world in energy storage.

The German utility-scale storage revenue stack for new projects has been totally reshaped by recent events and regulatory changes as the market moves to 100MW-plus ticket sizes, local developer ECO STOR told Energy-Storage.news.

Microinverter and home energy storage system supplier Enphase Energy has “relatively good availability” of its products despite high demand in the current supply chain environment, its marketing director for Europe told Energy-Storage.news.

Co-located storage is growing as a proportion of the UK market with 7.2GW of projects in the pipeline, but structuring deals and offtake agreements presents a complex challenge according to an expert source.

Lithium-ion battery recycler Li-Cycle has opened its third recycling facility, in Arizona.

Urban Electric Power has signed a memorandum of understanding (MOU) with developer Pine Gate Renewables to supply the latter up to 4,550MWh of its zinc batteries over the next five years.