Dr Rahul Walawalkar, founder & president of IESA, gives us an exclusive recap from India Energy Storage Week.

Hy Stor Energy is seeking funding from the US Department of Energy for its Mississippi Clean Hydrogen Hub (MCHH), a green hydrogen storage project.

Project claimed to be the first of its kind in the US, utilising the highest temperature thermal storage tech in the world has gone online.

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

Two large-scale battery storage systems which will help power iron ore mining operations in Western Australia have been commissioned.

Green Deal Industrial Plan has been welcomed by the European Association for Storage of Energy, although mentions of energy storage included in a leaked draft seen by the industry group were absent from the final publication.

India has committed to helping fund 4,000MWh of battery storage in its Union Budget and will come up with support mechanisms for pumped hydro.

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

Energy Vault is expecting full-year revenue for 2022 of US$142-152 million, ahead of previous guidance of US$75-100 million.

California utility PG&E is developing a long-duration energy storage microgrid combining batteries and green hydrogen, in partnership with Energy Vault, the company known for its gravity-based solution.