The government of Victoria, Australia, has opened a round of funding for ‘neighbourhood-scale’ battery storage.

An advanced compressed air energy storage has been selected as the preferred option for a city in rural New South Wales, Australia.

Zenobē has begun construction of its 50MW/100MWh battery storage asset in Scotland.

Experts from LCP, Apricum and law firm CMS look at the development of financing and investment in UK battery storage.

Close to 900MW of publicly announced battery storage projects will be online in continental France by the end of next year.

Gore Street has completed the acquisition of a 90% stake in a 28MWh operational energy storage asset in Cremzow, Germany.

Energy storage could garner a market share of one-third by 2025 for the new, pan-European automatic frequency restoration reserve (aFRR) market, which is set to launch in the middle of this year with France and Germany mutualising capacity first.

Gresham House expects to earn more than US$144 million revenues from Capacity Market contracts.

A number of core challenges remain for lenders in the energy storage market, not least the relative nascency of it.

Investors are becoming increasingly comfortable with energy storage as an asset class but numerous regulatory and market design hurdles remain across European markets.