The high rates of return in the UK energy storage market seen in the last 6-12 months are unlikely to continue going forward as capex costs increase and ancillary markets saturate.

JSW Energy, part of Indian conglomerate JSW Group, has inked a memorandum of understanding with the Chhattisgarh government to build a 1GW pumped hydro storage project.

Microinverter supplier Enphase Energy has been selected by Vermont, US, utility Green Mountain Power to supply its home battery system for a virtual power plant (VPP) programme.

EDF Renewables subsidiary Powerflex has partnered with Ontario utility Hydro One to develop distributed energy resource solutions in the Canadian province.

Energy storage developer Jupiter Power has turned a 200MWh battery energy storage system (BESS) in Texas online.

Southern Power has turned two four-hour battery energy storage systems (BESS) totalling 640MWh at two of its solar facilities in California online.

Renewables investment and development group Nala Renewables is developing four new battery energy storage system (BESS) projects in New York state totalling 280MW by mid-2024.

Australia’s Clean Energy Finance Corporation (CEFC) and the Octopus Group have followed up their recent development deal for a mixed renewables hub.

Endesa Generación Portugal, part of Enel, has been award the connection rights to develop a renewable energy project combining solar, wind, green hydrogen and a 168.6MW battery energy storage system (BESS) to replace the country’s last coal station.

Swedish public utility Vattenfall has opened its Energypark Haringvliet in the Netherlands, which combines wind, solar and a 12MWh battery energy storage system (BESS).