G7 nations have agreed a new global energy storage target of 1500GW by 2030, a six-fold increase from today’s levels.

EPC and developer Eco Stor has broken ground on a 238MWh battery energy storage system (BESS) in Germany, one of several to have been claimed as the largest in the country.

The number of long-duration energy storage (LDES) technologies that will commercialise for applications beyond 24 hours ‘can be counted on one hand’, the CEO of compressed air energy storage (CAES) developer Corre Energy said in an interview.

According to IEA and BloombergNEF, battery storage was the most invested-in energy tech, with biggest-ever growth in deployments recorded.

Dublin-listed compressed air energy storage (CAES) project developer Corre Energy has hired investment bank Rothschild to explore the possibility of private investment in the firm.

NGK Insulators will provide 72 containerised sodium-sulfur (NAS) battery storage units to a green hydrogen production plant in Germany.

Commercial and industrial (C&I) BESS provider Tesvolt has launched construction of its latest 4GWh manufacturing plant in Germany.

Developer Elements Green has secured preliminary planning approval for a 400MW battery energy storage system (BESS) project in Germany.

A regional council in Germany has given the go-ahead for transmission system operator (TSO) TransnetBW’s 250MW Grid Booster BESS project, which will be provided by system integrator Fluence.

Europe has seen its first year when energy storage deployments by power capacity exceeded 10GW in 2023.