Energy storage fund investment manager Gore Street has released its full-year results, reiterating how internationalisation helped it weather falling revenues in the UK – though not enough to maintain its dividend level.

Utility Southern California Edison is considering withholding liquidated damages from Ameresco after continued delays to 537.5MW/2,150MWh BESS portfolio.

Powin will supply 880MWh of its BESS technology for a project developed by US utility DTE Energy in Michigan, US.

PV manufacturer Canadian Solar will provide 705MWh of its BESS technology for three projects in Nova Scotia, Canada, and another 498MWh for a project in Texas, US.

Developer and IPP NextEra Energy Resources (NEER) is proposing to construct an up to 3GW standalone BESS across 260 acres of privately-owned land in Fresno County, California. 

Vanadium redox flow battery (VRFB) firm Invinity Energy Systems sold or won funding for 136.7MWh of product in 2023, while growing revenues 500%.

Being able to create a single contract for project delivery is perhaps the biggest advantage of vertically integrating battery energy storage system (BESS) manufacturing with system integration, according to the CEO of LG Energy Solution (LG ES) Vertech.

The Inflation Reduction Act (IRA) put battery storage into the mainstream of the US energy industry, but also created supply chain complexities, writes Rauni Jaskari of Wärtsilä Energy Storage and Optimisation (Wärtsilä ES&O).

Trina Storage’s new 10MWh battery storage product is claimed by the company to be the first in the US to include full cell-to-AC system integration from a single vendor.

Rankings by EY of the most attractive markets for renewable energy investment include battery storage, with US, China and UK as frontrunners.