Insufficient progress has been made towards the Energy Storage and Grids Pledge, endorsed by dozens of countries at COP29 two years ago.

South Africa’s government has put battery storage and power-to-gas technologies at the heart of the national long-term electricity supply and demand strategy.

South Korea’s Ministry of Climate, Energy and Environment (MCEE) has unveiled its KRW1,000 trillion (US$747 billion) Korean Green Transformation (K-GX) industrial strategy.

Japanese trading company Sumitomo Corporation has invested in a utility-scale renewable energy park combining solar PV, wind and energy storage in India.

India’s Union Cabinet has approved US$19.3 billion Green Energy Corridor, including US$5.2 billion for 50GWh BESS through FY2032-33.

Outgoing California Governor Gavin Newsom recenty addressed approximately 1,200 bills, including several energy storage and solar related bills that were either approved or vetoed.

Spain’s recent proposal for data centres could be the catalyst the country’s energy storage market has been waiting for, argues Ignacio López Martín from developer Capflex Energía.

Utility PG&E has selected six new California microgrid projects for a US$30 million investment, while Massachusetts’ Department of Energy Resources is awarding US$40 million across 36 BESS projects.

The US energy storage industry is targeting 225GW/1TWh of storage deployment by the end of 2032, according to an analysis published by the Energy Storage Coalition (ESC).

OCP Green Energy has completed the installation of a 25MW/125MWh battery energy storage system (BESS) in Benguerir, Morocco.