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Battery swap station for light-duty EVs in India. Image: Sun Mobility.

India’s Union Budget ‘should include tax breaks for energy storage’

January 30, 2023
India’s upcoming Union Budget should include tax-based incentives for energy storage, the India Energy Storage Alliance (IESA) has said.
Early rendering of the gigafactory that never was. Image: Britishvolt.

UK battery gigafactory startup Britishvolt slides into administration

January 19, 2023
Britishvolt going into administration has been dubbed “a real shame” by the Association for Renewable Energy and Clean Technology.
inflation reduction act battery tariffs

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.
A 10MW PV plant in Germany. Image: Enerparc.

Independent power producer ILOS Projects raises €500 million for European solar, storage pipeline

December 21, 2022
ILOS Projects has secured a €500 million (US$531 million) structured finance facility from global energy and infrastructure investor EIG.
philippines energy storage system investment policy

Southeast Asia’s emerging energy storage opportunities

December 20, 2022
Uptick in energy storage investment in region still largely powered by coal, experiencing population and energy demand growth.
Corporate funding into energy storage companies: the first nine months of this year have already blown away the full-year totals for 2019, 2020 and 2021. Image: Solar Media, data from Mercom Capital reports.

Energy storage corporate funding so far this year already exceeds 2021 total, Mercom says

October 27, 2022
More corporate funding went into energy storage companies in the first nine months of 2022 than in the entirety of last year.
colombia italy matrix emeren

Spain’s Matrix Renewables gets construction financing for California solar-storage hybrids

October 27, 2022
Spanish renewables platform Matrix Renewables has closed financing for construction of its Gaskell 2 and 3 solar-plus-storage projects.
hydrostor silver city australia compressed air energy storage

Australia throws AU$45 million support behind advanced compressed air energy storage project

October 25, 2022
ARENA funding will support Hydrostor’s advanced compressed air energy storage (A-CAES) project in New South Wales.
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.

Australia’s AU$20 billion transmission initiative supports Tasmania’s ‘Battery of the Nation’

October 19, 2022
Australia’s government has put its support behind two major transmission projects which will increase the utilisation of renewable energy.
FCAS services remain the biggest revenue stream for most BESS assets in Australia, like the Hornsdale Power Reserve (pictured). Image: Neoen.

What do we know about battery storage risk?

October 17, 2022
Any new energy technology asset class comes with risk that needs to be recognised, write Liam McEneaney and Daniel Stevens at AXIS Insurance.

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