Akaysha Energy has closed financing for a battery storage project in New South Wales, Australia that is planned to be in excess of 1,660MWh capacity.

Global system integrator Fluence has closed a four-year US$400 million asset-backed lending (ABL) credit facility.

News in brief from around the world in energy storage, this time with a distinctly UK flavour.

The battery storage market in the UK has become a viable investment opportunity in just the past few months, even without the backing of long-term contracts for grid services, according to an investment manager in the renewable energy sector.