The recent introduction of 15-minute settlement periods across European power markets could result in significantly higher profits for battery storage asset operators.

Gotion High Tech has continued its push into Japan’s battery storage market, forming a partnership with investor Daiwa and renewable energy engineering and O&M firm CO2OS.

Developer Gurin Energy is so convinced of Japan’s energy storage market potential that it is planning a single project equivalent to the country’s entire installed base of lithium-ion battery storage.

Singapore-headquartered Gurin Energy has revealed plans for a 500MW, 4-hour duration (2,000MWh) battery storage project in Japan.

The nascent grid-scale energy storage market in Japan now has its first-ever dedicated investment fund, and it will be jointly managed by Gore Street Capital, which launched one of the UK’s.

Sumitomo Electric will supply an 8-hour duration vanadium redox flow battery (VRFB) to a recently-established municipal power company in Niigata, Japan.

Turkey pre-licensing energy storage facilities paired with renewables, with around 20GW expected to be granted within three years.

Energy stored in EV batteries will be traded on European power markets by The Mobility House, a specialist in vehicle-to-grid technologies.

Australia’s ‘peak national body’ representing transmission and distribution organisations in both electricity and gas, Energy Networks Australia (ENA), has pushed for a more consistent approach to grid connections of solar PV and battery storage by issuing a set of guidelines.

One of Australia’s energy market regulators has put out a lengthy document detailing the potential impact of introducing five minute settlement into the electricity spot market, which would likely favour flexible resources such as energy storage.