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While the 83% year-on-year drop sounds dramatic, Q1 2022 was an outlier due to the inclusion of LG Energy Solution's US$10.7 billion IPO which itself accounted for 83% of that quarter's total. Image: Solar Media using Mercom Capital data.

Corporate funding for battery storage companies slows down in Q1 2023

April 18, 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.  
Then-state premier Steven Marshall speaks at the 2018 opening of a factory in South Australia by home ESS maker Sonnen. The state accounted for 27% of market volume in 2022 and leads in per-household installations. Image: Sonnen.

Australia’s residential energy storage market grew 55% in 2022

April 3, 2023
The Australian market for residential battery storage grew by an estimated 55% in 2022 from the previous year, according to SunWiz.
Seed and Greet EV charge station, one of just two projects in Germany featuring large-scale BESS at an EV charging facility. Image: Tesvolt.

Germany’s grid-scale BESS installs up 910% but still under half a gigawatt in 2022

March 30, 2023
Germany’s installed based of large-scale energy storage predicted to roughly double in the next couple of years, after 2022 saw a comeback.
ancillary services UK capacity market auction

800MWh of utility-scale energy storage capacity added in the UK during 2022

February 1, 2023
Solar Media Market Research analyst Mollie McCorkindale offers insight into the market’s progress in 2022, another record-breaking year.
Firm dispatchable renewable energy (FDRE) tenders are one of several solicitation mechanisms putting energy storage on the grid in India. Image: Tata Power Solar.

Winner of SECI’s 1,000MWh pilot energy storage tender in India given green light to proceed

January 19, 2023
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).
DNV

US sets another record for quarterly energy storage installation figures

December 19, 2022
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.
Flow battery demonstration plant in Hubei, China, where the world's biggest VRFB system, at 100MW/400MWh, went online recently. Image: VRB Energy.

Wood Mackenzie: Investment pours in for long-duration energy storage, but scale remains challenge

December 8, 2022
Enough money invested in long-duration energy storage technologies and projects over the past three years to result in 57GW of deployments.
second life battery storage market

Is the German utility-scale energy storage market set to take off?

September 19, 2022
Germany’s early lead among Europe’s battery storage adopters is gone, but some see change coming on the horizon, Cameron Murray writes.
Image: Wood Mackenzie Power & Renewables.

US deployed record 2.6GWh of grid-scale storage in Q2, Wood Mackenzie says

September 15, 2022
The US market is on course to reach 13.5GWh of energy storage installations during 2022, according to Wood Mackenzie Power & Renewables.
acp us battery storage installations h1 2022

US installs 5GWh of battery storage in H1 2022 but overall clean power deployments fall

July 27, 2022
Some 5GWh of utility-scale battery energy storage was deployed in the first half of 2022, up one third while wind and solar fell 50-70%, according to American Clean Power (ACP).

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