New HOrizons Ahead (NHOA), the e-mobility and energy storage company formerly known as Engie EPS, has set itself targets to install 1.7GWh of energy storage by 2025 as part of a new strategic ‘Masterplan’.

Tesla said that it more than doubled production volumes of grid-scale energy storage solution Megapack in the third quarter of 2020 as the company continues to ramp up production to “match unprecedented demand across the globe”.

NEC’s Energy Solutions division, which has been responsible for NEC Corporation’s activities in the battery energy storage industry, is “going out of business” according to a report by Bloomberg.

Solar PV paired with energy storage at scale could be provided to utilities at just US$0.10 per kilowatt hour, using advanced battery technology, one manufacturer has claimed.

E.ON Climate & Renewables North America is to build a 10MW battery energy storage facility with a 2MW solar array in collaboration with Arizonan utility Tucson Electric Power (TEP).

Efforts to modernise New York’s grid would be best served by adding 2GW of multi-hour energy storage by 2025 and 4GW by 2030, and enable the achievement of renewable energy targets, according to NY BEST.