A recent report by UK Electricity Networks Commissioner Nick Winser laid out how to halve the time needed to build up the grid infrastructure for net zero.

Proposed new ancillary service market rules could adversely impact business case for battery storage, Cornwall Insight Australia says.

More than AU$1 billion (US$0.65 billion) of financial commitments to large-scale battery energy storage system (BESS) projects were made in Australia in the second quarter of this year.

ACCURE has raised €7.2 million for its analytics solutions that can enable a “proactive approach to safety” in the battery storage industry.  

Since the Inflation Reduction Act, US$270 billion of US clean energy investment has been announced while downstream projects in development have hit 185GW – 80% and 92% higher than four months ago.

Second life energy storage firm Stabl has raised €15 million, while its CEO told Energy-Storage.news the second life market will “struggle with the deteriorating performance of their systems in the coming years”.

Japanese conglomerate Marubeni has acquired a 25MW wind and energy storage project in Wales, UK, from developer RES.

Germany-based flow battery company VoltStorage has been granted a venture debt loan of €30 million (US$33 million) by the European Investment Bank (EIB), guaranteed by the European Commission.

Drax Group has secured development consent for a 600MW underground pumped storage hydro (PSH) plant in Scotland, UK.

Pre-construction activities commenced this week on Rangebank BESS, a 200MW/400MWh project in Victoria, Australia.