As India’s Union government prepares the fiscal year 2024-2025 budget for its unveiling, trade group India Energy Storage Alliance (IESA) has offered some recommendations to support the technology.

Western Australia (WA) has said it will provide funding for two battery energy storage system (BESS) projects that will be among the biggest in Australia to date.

Australia’s Federal Budget included AU$4 billion new investment in energy, confirmation of tenders for renewables and energy storage.

The state government of the Australian Capital Territory (ACT) will pledge funding towards a BESS rollout.

Queensland’s state government has identified batteries as the fastest way to add energy storage to the electricity network.

California’s inclusion of US$380 million financial support for long-duration energy storage projects could “activate” up to 20 projects in the US state, which has a “tremendous need” for energy storage. 

California governor Gavin Newsom has tabled a revision to the US state’s budget which would put US$100 billion into economic recovery, including US$912 million to accelerate progress on climate change mitigation through the energy sector and US$3.2 billion for zero emissions vehicles support.

Recommendations made to the government of India as it prepares to publish its union budget for 2020 from industry group India Energy Storage Alliance (IESA) include measures to support both the upstream of industry and the downstream of clean energy deployment.

The Indian Budget has seen a hike in customs duty for lithium-ion batteries from 10% to 20%.