The Minister of Energy of Romania will provide up to €103 million in financial support for battery energy storage systems deployments in the country.

Fenecon has begun construction of factory in Germany which will repurpose electric vehicle (EV) batteries into stationary storage systems.

Industry should make “concrete proposals” for electricity market reforms, or risk policy and regulation continuing to fall short in valuing the role of energy storage.

European Union policymakers and regulators recognise that energy storage is vital to securing affordable and low carbon energy.

The US and the European Union have made a fresh pledge to support green energy in Africa.

Recent policy developments in the US and European Union represent a considerable uplift to prospects for global energy storage deployment.

Energy storage must play central role in Europe’s energy security, enabling integration of renewable energy and lowering power prices.

The Ministry of Economic Affairs and Employment in Finland has granted €19.5 million (US$19.3 million) to a hybrid plant project combining wind, solar and 25MW/50MWh of battery storage.

Greece-based battery manufacturer Sunlight Group has secured a €140 million (US$136 million) loan for its manufacturing and R&D investments.

Recent policy announcements from the European Union could boost the energy storage market, an analyst says, but also reveal inherent weaknesses of the bloc’s free electricity market.