Australia has an “urgent need” for long-duration energy storage, along with new generation resources and transmission infrastructure.

Australia’s budget includes nearly AU$25 billion for clean energy to ease cost of living pressures as well as help fight climate change.

ARENA funding will support Hydrostor’s advanced compressed air energy storage (A-CAES) project in New South Wales.

Battery storage is the most obvious medium-term solution to help stabilise the grid and act as a catalyst to enable renewable energy.

There was almost 1TW of renewable energy capacity and an estimated 427GW of storage active in US interconnection queues at the end of 2021.

Battery storage will be a valuable asset for enhancing and upgrading the electric transmission and distribution (T&D) system of California.

Fluence has reaffirmed its guidance of US$1.1 billion to US$1.3 billion revenues for the 2022 financial year, with the company’s CEO claiming expectations were exceeded in the first quarter “despite short-term headwinds”.

Flow battery company Invinity Energy Systems, alongside developer Pivot Power, has fully energised the UK’s largest flow battery, located in Oxford, England.

Ahead of a merger between the Energy Storage Association and American Clean Power Association, Energy-Storage.news speaks to the leaders of both.

Development has begun in Japan of a marine battery storage vessel that would be charged at sea from offshore wind and then carry the power back to land.