Australia’s battery storage market had a record-breaking year in 2023 across utility-scale, residential, and commercial and industrial (C&I) segments.

Gridstor, a developer of standalone battery energy storage system (BESS) assets, has acquired a 450MW/900MWh project in Texas, US, the company’s first in the booming ERCOT market.

UK firm G2 Energy is moving into full BESS wrapped EPC services under its new owner Mitie, having focused on a grid connections and balance-of-plant (BOP) engineering services prior to its predecessor company’s bankruptcy last year, CEO Kelvin Ruck said.

The UK battery storage market is suffering a “weak revenue environment”, with assets not able to participate in balancing the GB grid or replacing gas-fired generation to their fullest capability, according to Gresham House Energy Storage Fund.

Utility-scale BESS market action in Australia, with developers Akaysha Energy, Firm Power and ACE Power receiving key project approvals.

Analysis firm EnergyTrend has forecast that a “surge” in global large-scale energy storage system deployments is likely in 2024.

The UK government’s recently announced national Battery Strategy was intended as a roadmap to establishing a competitive value chain.

A national solar energy industry association has criticised the UK government’s newly-released Battery Strategy for paying “insufficient attention” to opportunities presented by battery energy storage systems (BESS).

National Grid is set to accelerate the connection of up to 10GW of battery energy storage projects in England and Wales.

Developer Flexen has put 1GW of standalone battery energy storage system (BESS) projects into the interconnection queue in Chile, the first of that scale in the country, the firm claimed.