A capacity mechanism for Australia’s National Electricity Market needs to catalyse investment in renewable energy and energy storage.

Sungrow has announced a new partnership with Statera Energy, to supply a 362MW/391MWh energy storage project in the UK.

Experts from LCP, Apricum and law firm CMS look at the development of financing and investment in UK battery storage.

Construction has started on what will be the largest battery storage project in Belgium at 25MW/100MWh when completed later this year.

Close to 900MW of publicly announced battery storage projects will be online in continental France by the end of next year.

Gresham House expects to earn more than US$144 million revenues from Capacity Market contracts.

The award of contracts to 1GW of battery storage was the “biggest news” to emerge from the latest round of Capacity Market auctions held in the UK.

Investors are now becoming more comfortable with battery storage in the UK, with projects being profitable and cost-effective, according to industry experts.

Energy storage asset developer and owner GlidePath has begun construction of a 50MW/50MWh battery energy storage system (BESS) project in Texas.

A cap and floor regime would be the most beneficial solution for supporting long-duration energy storage in the UK, a report from KPMG has found.