India’s Ministry of Power has significantly increased the size and scope of its Viability Gap Funding (VGF) scheme to support battery storage projects.
India Energy Storage Alliance president Debmalya Sen takes a comprehensive look at national and regional efforts to promote and deploy much-needed energy storage capacity.
UK power generation firm Drax will not bid its Cruachan II pumped hydro energy storage (PHES) project into the LDES cap and floor scheme, saying that costs have risen while ‘recoverability of capital’ is unclear.
Leading BESS owner-operators in the UK have signalled their opposition to the government’s cap and floor support scheme for long-duration energy storage (LDES) in an open letter. We spoke to one its signatories James Basden, founder of Zenobē, about why.
State-owned company WaterNSW has confirmed it is exploring opportunities to implement pumped hydro energy storage (PHES) across 41 of its dams in New South Wales, Australia.
The government of Estonia will financially back a 500MW pumped hydro energy storage project to meet the country’s need for long-duration energy storage, as the Baltics prepare to disconnect from Russia’s grid this weekend.