Energy storage can enable decarbonisation of economies around the world and Asia-Pacific is no exception. Hendrik Bohne of Aquila Capital looks at the examples of two leading examples in the region.

A roundup of news in brief from around the world in energy storage, with Honeywell, Wärtsilä and Iberdrola.

Greenbacker Capital Management has acquired a 30MW/120MWh battery energy storage system (BESS) in California.

Dutch transmission system operator (TSO) TenneT says the Netherlands will need 9GW of large-scale battery energy storage system (BESS) capacity connected to its grid by 2030.

Investing in numerous smaller grid-scale energy storage projects minimises downside risk and can mean getting projects in the ground two years’ quicker, developer Agilitas Energy told Energy-Storage.news.

The European Commission has approved a €1.1 billion (US$1.2 billion) scheme from the government of Hungary to support large-scale energy storage projects.

The Investment Management Corporation of Ontario (IMCO) has bought convertible notes worth US$400 million in European lithium-ion gigafactory firm Northvolt.

The US Internal Revenue Service (IRS) has revealed how smaller and tax-exempt organisations can take advantage of clean energy investment tax credits (ITC), with guidance on direct pay and transferability.

Iron-saltwater flow battery company ESS Inc looks set to deploy by far its largest project to-date, a 50MW/500MWh system at a renewables hub from German energy firm LEAG, with potential for more.

A large-scale battery system has been brought online at the site of the former Hazelwood Power Station coal plant in Victoria, Australia.