Cumulative energy storage installations will go beyond the terawatt-hour mark globally before 2030 excluding pumped hydro, with lithium-ion batteries providing most of that capacity, according to new forecasts.

Europe’s biggest battery storage system earned £2.3 million (US$2.85 million) revenues in Q1 2023.

Corporate funding activity into battery storage companies in the first quarter of 2023 fell considerably year-on-year and quarter-on-quarter, according to research from Mercom Capital.  

The Australian market for residential battery storage grew by an estimated 55% in 2022 from the previous year, according to SunWiz.

Germany’s installed based of large-scale energy storage predicted to roughly double in the next couple of years, after 2022 saw a comeback.

Solar Media Market Research analyst Mollie McCorkindale offers insight into the market’s progress in 2022, another record-breaking year.

JSW Renew Energy Five has been given the official notice to go ahead with two large-scale battery storage projects it was awarded in a tender by the Solar Energy Corporation of India (SECI).

The US industry deployed more than 5GWh of energy storage in the third quarter of 2022, close to half the entire amount of storage installed in the country in 2021.

Enough money invested in long-duration energy storage technologies and projects over the past three years to result in 57GW of deployments.

Germany’s early lead among Europe’s battery storage adopters is gone, but some see change coming on the horizon, Cameron Murray writes.