Scaling up net zero-enabling battery storage technologies will require financiers and investors to share risks with developers, such as those over supply chain.

Reducing exposure to merchant risk is key to making banks comfortable with lending money for hybrid renewables-plus-storage projects.

The Singapore Energy Market Authority (EMA) is figuring out how energy storage technologies can be widely deployed in the country, overcoming constraints such as limited availability of land.

Many ASEAN countries are advancing their adoption of renewable energy with the support of regulators, but the same can’t yet be said for energy storage technologies.

China-based, energy storage-focused lithium-ion battery manufacturer Hithium has raised US$621 million from private investors.

In June, Japanese renewable energy developer Pacifico Energy made the first trades from BESS assets in the country’s power markets.

Synergy has begun its second large-scale battery project in Western Australia as the company’s first nears its start of commercial operations.

Australian renewables and storage developer Genex Power has switched on its first battery storage project and entered a joint development agreement (JDA) with Japan’s J-Power.

Vietnam’s VinES Energy Solutions has partnered with SolarBK to promote the integration of battery storage with rooftop solar PV.

Australia’s government has made a AU$100 million (US$66.35 million) investment into the Waratah Super Battery, part of a total AU$500 million capital raise by the project’s developer.