Three Tesla Megapacks have arrived for installation at a power plant in Hungary, the first energy storage project in the country to use the EV giant’s grid-scale product.

The first battery energy storage system (BESS) in New York City using Tesla Megapacks, a 12MWh system in the Bronx by NineDot, has been inaugurated.

Tesla deployed more than a gigawatt-hour of battery storage in Q2 2022, but the company has been impacted by component supply issues.

A liquid coolant leak caused thermal runaway in battery cells which started a fire at the 300MW/450MWh Victorian Big Battery in Australia.

Genex Power has received credit approvals on a AU$35 million (US$25.26 million) debt finance facility for its 50MW/100MWh Bouldercombe battery energy storage system (BESS) project in Queensland, Australia. 

The Victorian Big Battery, a 300MW / 450MWh lithium-ion battery energy storage system (BESS) in Australia, has been officially opened by the Minister for Energy, Environment and Climate Change for the state of Victoria. 

Wells Fargo has closed its first tax equity investment into a solar project paired with battery storage, a large-scale plant being built in New Mexico, US.

Global clean energy group TagEnergy and the UK’s Harmony Energy have announced two grid-scale battery storage projects in England and Scotland to be developed through the pair’s joint venture (JV). 

Tesla deployed 1,295MWh of energy storage in the third quarter of 2021 and has recorded a 96% compound annual growth rate (CAGR) in deployments over a four-year period. 

After winning a competitive selection process, Tesla will supply 40 of its Megapack utility-scale battery energy storage systems (BESS) to a project by Australian renewable energy developer Genex Power.