US$380 million in support for long-duration energy storage projects in California has been included in the state’s budget for 2022-2023. 

Over the next five years, a US$50 million pot will be invested to promote a sustainable supply chain for lithium, graphite and the other minerals and metals

An extra AU$100 million (US$70.76 million) of funding could be put into a rebate scheme for households buying energy storage systems in South Australia, after a peer-to-peer lending group stepped in.

Only large scale and intelligent energy storage can realistically solve the issue of variable renewable electricity generation. Patrick Clerens, Secretary General at the European Association for Storage of Energy and a member of the advisory board for Electrify Europe, argues that we can make it happen – but only if we get the incentives right.

UK gas and electricity market regulator Ofgem has made a “game changer” decision for UK energy storage, by confirming that solar farms are able to retain accreditation under the government Renewables Obligation (RO) when supplying electricity to batteries.