Financial commitments into utility-scale battery storage in Australia plummeted to just 13MW in Q3, although roughly ten times as much large-scale storage in megawatts have been commissioned so far this year compared to last.
The UK government has published its ‘Battery Strategy’, setting out measures to facilitate the growth of a domestic battery industry to support the EV and energy storage system (ESS) sectors.
Renewable energy project developer Margün Enerji is partnering with OEM Huawei to deploy a 2MW battery energy storage system (BESS) at a solar plant in Turkey.
UK battery storage and flexible generation developer-operator Statera Energy has secured a £300 million (US$375 million) financing package for its Thurrock project, its first news since being bought by investor EQT.
Gigafactory company Northvolt and sodium-ion battery technology firm Altris have together revealed a battery with an energy density of 160Wh/kg, designed for energy storage systems.
A tax credit transaction worth US$60 million using new transferability mechanisms from the Inflation Reduction Act has closed, for a BESS project deployed by Energy Vault for W Power and Wellhead Electric.
New guidance from the US government clarifying rules around tax credit incentives for energy storage and offshore wind energy has been welcomed by clean energy trade associations.
Energy storage developer Pacific Green has entered the market in Italy, acquiring a 500MW portfolio of BESS projects from developer Sphera Energy Srl which could have a duration of up to six hours.
Another substantial development agreement for battery energy storage system (BESS) projects in Italy has been struck, this time between solar and storage installer Lemon Sistemi and investor Volt ESG.
