Battery energy storage systems (BESS) cost base has increased 25% in the past year, the head of storage for global energy technology group Wärtsilä told Energy-Storage.news.

Energy technology company Wärtsilä is supplying 500MW/2,000MWh of battery energy storage systems (BESS) to PV projects operated by Clearway Energy Group in Hawaii and California, US.

Whilst growing in popularity for stationary energy storage, one project developer tells Energy-Storage.news that LFP batteries deliver lower returns than NMC ones, a claim we then put to battery intelligence firm ACCURE.

FREYR Battery will go ahead with construction of its first battery gigafactory in Norway, which has announced a National Battery Strategy.

Mitsubishi Power is entering the European energy storage market with four BESS projects totalling 371MWh for ION Renewables in Ireland.

Matrix Renewables, the platform backed by private equity firm TPG, has secured tax equity financing of US$92 million for two solar-plus-storage projects in California with 80MWh of energy storage.

The battery industry is at risk of falling into the trap of becoming too dependent on a single ingredient.

Norwegian lithium-ion gigafactory startup FREYR Battery has signed a binding agreement with renewable energy group Statkraft covering 2024-31 for its first two gigafactories.

Geoff Brown, CEO of the the world’s fifth largest battery energy storage system (BESS) integrator Powin Energy, discusses the company’s strategy for the coming years in an interview with Energy-Storage.news.

Trina Storage has formed a partnership with solar inverter manufacturer Power Electronics to jointly deploy battery storage.