Chinese battery manufacturer Hithium and Samsung C&T Engineering & Construction (Samsung C&T) have penned a new agreement targeting around 10GWh of battery energy storage system (BESS) capacity globally.
The US Department of Energy (DOE) has released its draft Energy Storage Strategy and Roadmap (SRM), a plan providing strategic direction and opportunities to optimise DOE’s energy storage investments ahead of the incoming Trump administration.
The Australian government has approved the development of HumeLink, an almost AU$5 billion (US$3.1 billion) energy transmission project that will unlock the 350GWh Snowy 2.0 pumped hydro energy storage (PHES) expansion.
The Australian Energy Regulator (AER) said increased energy storage capacity will be essential to manage daily and seasonal variations in output on the National Electricity Market (NEM).
UK utility SSE’s renewable energy arm has started constructing a 320MW/640MWh battery energy storage system (BESS) in North Yorkshire. When completed, it will be one of the country’s largest.
Fluence Energy GmbH, a subsidiary of battery storage system integrator Fluence, will provide solutions for Germany’s largest solar-plus-storage project.
The Clean Energy Council (CEC) of Australia has revealed that six large-scale energy storage projects totalling 573MW/2,047MWh reached financial commitment in the second quarter of 2024.
NHOA Energy’s EBITDA for H1 2023 dropped by 38.8% year-on-year to €1.11 million (US$1.23 million) but the company expected the EBITDA for 2023 to reach up to €10 million.
US utility company Xcel Energy has received approval from Minnesota state regulators to build a 1GWh project in the state using Form Energy’s iron-air battery storage technology.
