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

Insurance is a cornerstone of de-risking financing and investment into energy storage

Developer Alcemi and investment group CIP have partnered for the development, construction and operation of a 4GW UK BESS portfolio.

Experts from LCP, Apricum and law firm CMS look at the development of financing and investment in UK battery storage.

Australia’s Prime Minister Scott Morrison has announced financial support for four technology sector manufacturing projects, including a vanadium processing plant.

Goldman Sachs Renewable Power has cut the ribbon on a large-scale solar-plus-storage project in Kings County, California.

Ameresco has secured a US$262 million increase to its credit facility, supporting the company’s 2.1GWh battery project in California. 

GridBeyond is to develop behind-the-meter battery storage across the UK and Ireland, with a financing facility from Triodos.

A number of core challenges remain for lenders in the energy storage market, not least the relative nascency of it.

Investors are becoming increasingly comfortable with energy storage as an asset class but numerous regulatory and market design hurdles remain across European markets.