CEE-based developer and independent power producer (IPP) Woodburn Capital is deploying a co-located battery storage project in Croatia, with final regulations around connecting batteries to the grid expected imminently.

A recent draft final rule on reforms of grid interconnection processes from US regulator FERC has been welcomed by the energy storage industry, although many hurdles still remain.

The US saw roughly triple the amount of grid-scale battery storage installed in the second quarter of this year as it did in the preceding quarter, in megawatt terms.

State-sponsored investment fund NY Green Bank, will lend US$25 million to NineDot Energy, a developer of energy storage systems in New York.

RWE has brought its biggest utility-scale BESS project in the US closer to the start of commercial operations.

After a record-breaking year in 2022, the US energy storage industry has seen second successive quarter of declines in installation figures.

Stem Inc is on track to meet its target of achieving positive EBITDA during 2023, the company claimed as it posted a 63% year-on-year quarterly revenue increase in its latest financial results.

The US energy storage sector deployed 4.8GW in 2022, close to the combined amount installed in 2020 and 2021.

European Commission (EC) strategy puts energy storage as cornerstone of a decarbonised and secure energy system for the EU.

Stem Inc has posted close to a 200% increase in revenues in both its fourth quarter and full-year financial results for 2022.