The global need for grid-scale energy storage will rise rapidly in the coming years as the transition away from fossil fuels accelerates.

TransAlta has acquired a 50% stake in an early-stage development pumped hydro energy storage (PHES) project in Alberta.

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

India’s upcoming Union Budget should include tax-based incentives for energy storage, the India Energy Storage Alliance (IESA) has said.

Britishvolt going into administration has been dubbed “a real shame” by the Association for Renewable Energy and Clean Technology.

The Inflation Reduction Act’s incentives for energy storage projects in the US came into effect on 1 January 2023.

ILOS Projects has secured a €500 million (US$531 million) structured finance facility from global energy and infrastructure investor EIG.

Uptick in energy storage investment in region still largely powered by coal, experiencing population and energy demand growth.

More corporate funding went into energy storage companies in the first nine months of 2022 than in the entirety of last year.

Spanish renewables platform Matrix Renewables has closed financing for construction of its Gaskell 2 and 3 solar-plus-storage projects.