Queensland’s state government has identified batteries as the fastest way to add energy storage to the electricity network.

Mitsubishi Power is entering the European energy storage market with four BESS projects totalling 371MWh for ION Renewables in Ireland.

Matrix Renewables, the platform backed by private equity firm TPG, has secured tax equity financing of US$92 million for two solar-plus-storage projects in California with 80MWh of energy storage.

Significant policy support for the long duration energy storage (LDES) sector may be needed until 2030-35 when the market matures, says a new LDES Council policy toolbox report.

Oil and gas major Chevron has pulled out of plans to acquire an equity interest in ACES Delta, the 300GWh green hydrogen energy storage project in Utah, it confirmed to Energy-Storage.news.

Construction has begun on a solar-plus-storage project on the Caribbean island of St. Kitts & Nevis, backed by Leclanché, Solrid and MPC Energy Solutions.

The Inter-American Development Bank and Norwegian Agency for Development Cooperation are investing up to US$83.3 million in eight solar PV projects in Guyana with 34MWh of co-located energy storage.

News in brief from around the world in energy storage.

There could be nearly 13GW of energy storage on the grid in New York by 2052, according to the state’s grid operator NYISO.

Europe will need a total of 187GW of energy storage by 2030 and 600GW by 2050 to meet its renewable energy targets, according to the European Association of Energy Storage (EASE).