Four winners have been selected to receive financial incentives from India’s government, to support plans to build 50GWh annual manufacturing capacity of advanced batteries for EVs and ESS. 

A meeting between energy storage industry representatives and the UK’s energy minister Greg Hands took place last week.

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

New guidelines for procurement and utilisation of battery energy storage systems (BESS) as assets for generation, transmission and distribution and ancillary services have been published by India’s Ministry of Power.

The implementation of regulative security is all that is needed to bring in investment for long duration storage.

Energy storage industry executives have urged US legislators to swiftly reach a consensus on the Build Back Better Act, with a strong emphasis on introducing the investment tax credit (ITC) for standalone storage. 

Invinity Energy Systems will supply vanadium redox flow battery (VRFB) technology to a solar-plus-storage project in Alberta, Canada.

Governor Kathy Hochul of New York has been applauded for recognising the importance of energy storage as a key technology for achieving climate, clean energy and economic growth goals.

The US Department of Energy (DOE) established the Office of Clean Energy Demonstrations in late December, a new DOE office that will help deliver on President Joe Biden’s climate plans.

The Victorian Big Battery, a 300MW / 450MWh lithium-ion battery energy storage system (BESS) in Australia, has been officially opened by the Minister for Energy, Environment and Climate Change for the state of Victoria.