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US DoE loan to finance ‘up to 80% cost’ of zinc battery player Eos’ US$500 million expansion

September 1, 2023
Zinc battery storage company Eos Energy Enterprises has received positive news from the US Department of Energy (DOE) regarding a US$398.6 million loan.
A solar PV system in Cyprus, funded by the European Bank for Reconstruction and Development (EBRD) which came online in 2017. Image: EBRD.

Cyprus to build ‘central energy storage systems’, hybrid storage with renewable energy

July 18, 2023
Cyprus has set out a policy framework for the integration of energy storage systems after reaching a funding agreement with the European Commission (EC).
A 25 MW/100 MWh grid-scale BESS in Ruien Aquila Nippon

How battery storage accelerates decarbonisation in Asia-Pacific

June 26, 2023
Energy storage can enable decarbonisation of economies around the world and Asia-Pacific is no exception. Hendrik Bohne of Aquila Capital looks at the examples of two leading examples in the region.
Battery racks at Moss Landing Energy Storage Facility, California. Expansion at the plant represented the single biggest addition of capacity in the US in Q2 2023, Wood Mackenzie said. Image: LG Energy Solution.

LG Energy Solution commits to ‘transparency’ on ESG

February 16, 2023
LG Energy Solution has joined the global Task Force on Climate-related Disclosures (TFCD).

EU Electricity Market Design ‘needs to value energy storage and other flexibility options’

January 24, 2023
EU reforms of electricity market should recognise value of flexibility options like energy storage, according to representatives of Fluence.
inflation reduction act

US’ tax credit incentives for standalone energy storage begin new era

January 5, 2023
The Inflation Reduction Act’s incentives for energy storage projects in the US came into effect on 1 January 2023.
Kathy Hochul, Governor of New York. Image: Governor Kathy Hochul official Flickr.

New York proposes grid-scale energy storage tenders in roadmap to meet 6GW target by 2030

January 3, 2023
A new roadmap outlining how New York can meet ambitious energy storage targets has been welcomed as “comprehensive and thoughtful”.
Key Capture Energy New York

New York climate plan has ‘major role’ for energy storage across different sectors

December 22, 2022
Energy storage plays important role across multiple sectors in a plan for the “deep decarbonisation” of New York State approved this week.
Anthony Albanese (pictured) and the Labor Party have taken on board the need for storage in making clean energy dispatchable, Dr Bruce Mountain said. Image: Anthony Albanese's office via Twitter.

‘Major breakthrough’: Australia’s support for energy storage tackles key electricity policy issue

December 21, 2022
Australian energy ministers’ agreement to tender for renewable energy and energy storage is a “major breakthrough in federal policy”.
Rendering of a 4.3MWh Microvast ME-43000-UL ESS Container unit. Image: Microvast.

Microvast wins 1.2GWh BESS contract, weeks after EV battery maker’s energy division launch

December 8, 2022
Microvast, a Texas-headquartered company manufacturing battery cells and storage systems, has won 1.2GWh battery storage deal.

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