Infrastructure investor Actis has entered a strategic partnership with the companies behind a 3.5GW solar, 4.5GWh BESS project in the Philippines, one of the largest in the world.

The Board of Investments (BOI) in the Philippines has given a ‘green lane certificate’ for a solar and storage project slated as the largest in the world, enabling it to proceed at a quicker pace.

The first phase of the world’s largest sodium-ion battery energy storage system (BESS), in China, has come online.

Commissioning has been completed on the first commercial-scale project using Energy Vault’s gravity energy storage technology, while the firm has also secured a 400MWh BESS order for a project in Australia. However, it expects revenues this year to be 70-85% lower than 2023.

G7 nations have agreed a new global energy storage target of 1500GW by 2030, a six-fold increase from today’s levels.

China-based companies Sungrow and Eve Energy are seeing substantial growth in their energy storage product shipments.

Energy Vault and utility NV Energy have put a 220MW/440MWh battery energy storage system (BESS) into operation in Nevada, US.

Lithium-ion battery OEM CATL’s claim that its latest BESS product has no degradation for the first five years of use has provoked much discussion across the industry, with some sceptical of its merits.

EV and energy storage technology firm NHOA has commissioned a 120MWh BESS in Taiwan for parent company Taiwan Cement Group (TCC).

System integrator Powin is working on a new grid-scale BESS product to compete with increasingly competitive product from China, senior VP Danny Lu told us, while also discussing its Waratah project in Australia and fire safety.